As investors await the release of Aradel Holdings’ audited financial statements, first-quarter results and the recommendation of a final dividend, one of Nigeria’s most accomplished business leaders is seeing the value of a long-term investment rise sharply.
Fola Adeola, the entrepreneur and banking executive best known as the co-founder of Guaranty Trust Bank (GTBank), has emerged among the major beneficiaries of the strong rally in Aradel Holdings shares this year. The sustained increase in the integrated energy company’s stock has pushed the market value of his stake above the $300 million mark, reinforcing his position as one of Nigeria’s notable investors with interests spanning finance, infrastructure and energy.
