Shareholders Approve Dangote Cement Listing On London Stock Exchange

Amid its expansion plans, the shareholders of Dangote Cement Plc, have approved the management’s decision to undertake a potential secondary listing of its issued shares on the London Stock Exchange (LSE) or other recognized international securities exchange.

The shareholders gave their approval at the company’s 17th Annual General Meeting (AGM) held in Lagos.

The shareholders also commended the management’s total payout of approximately N753.8 billion, representing N45 per share, reaffirming the company’s position as one of the most rewarding investments on the Nigerian Exchange Limited (NGX).

The increase follows the company’s outstanding 2025 financial performance and underscores its unwavering commitment to shareholder value creation.

Also, over the past 15 years, Dangote Cement has distributed more than N3.3 trillion in dividends to shareholders, reinforcing its reputation as a dependable creator of long-term wealth.

Speaking on behalf of the shareholders, the national chairman of New Dimension Shareholders Association, Mr. Patrick Ajudua stated that the proposed listing of Dangote Cement on the London Stock Exchange is a positive development for shareholders, which is why there was strong support for the resolution.

According to him, the listing is expected to enhance the company’s international visibility and acceptability, ultimately leading to an improved share price.

He added that “this step will diversify the shareholding structure and strengthen regulatory and governance compliance. Shareholders are pleased with this bold initiative, especially considering the company’s consistent dividend payments over the past 15 years and the ongoing confidence investors have shown, as reflected in the market price.”

Speaking, the chairman of Dangote Cement,  Emmanuel Ikazoboh, said the increase in dividend payout reflects the Company’s determination to reward shareholders for their continued confidence and support.

“Our commitment remains to create sustainable value for all stakeholders. This significant increase in dividend demonstrates the strength of our business model, our disciplined approach to capital allocation, and our confidence in the future. We are grateful for the trust our shareholders have placed in us over the years and remain committed to delivering superior returns while maintaining the highest standards of corporate governance and operational excellence.”

Group managing director/chief executive officer, Arvind Pathak, said the dividend increase is backed by the Company’s strong financial performance and healthy balance sheet.

“The decision to increase our dividend by 50 per cent to N45 per share demonstrates the strength of Dangote Cement’s earnings capacity and cash generation capability. As we continue to execute our pan-African growth strategy, we remain committed to creating lasting value for our shareholders, investing in the future of the business, and supporting Africa’s industrial development.

“Our shareholders have stood by us throughout our journey, and we are delighted to reward that trust with another significant increase in returns.”

Pathak noted that the Company continues to strengthen its footprint across Africa through strategic investments and capacity expansion projects. In 2025, Dangote Cement commissioned a 3-million-tonne-per-annum grinding plant in Côte d’Ivoire, reinforcing its presence in West Africa and increasing total installed capacity to 55 million tonnes per annum (Mta) across eleven African countries.

He added that the Company remains focused on its long-term objective of expanding installed capacity to 80Mta by 2030, while driving operational efficiency, increasing exports, enhancing sustainability initiatives, and improving shareholder returns.