Ruparelia receives Shs2.25bn dividend from Bank of Baroda Uganda

Businessman Sudhir Ruparelia has received a significant dividend payout of Shs2.25 billion from Bank of Baroda Uganda. This payout, for the financial year ending December 31, 2025, reflects the strong returns from his investments in Uganda's listed financial sector.

Ruparelia's substantial shareholding in Bank of Baroda Uganda, amounting to 375,163,500 shares, makes him the largest individual shareholder. His stake, representing 2.5% of the bank, was valued at approximately Shs23.64 billion based on the closing share price. This dividend income is separate from the market value of his shares.

The businessman also holds a significant stake in Stanbic Uganda Holdings Limited, with around 330,723,247 shares. At the current market price, this holding is worth approximately Shs33.40 billion. Combined, Ruparelia's identified investments in these two financial institutions are valued at about Shs57.04 billion.

These investments provide Ruparelia with exposure to two of Uganda's established financial institutions, offering both income through dividends and the potential for capital appreciation. The performance of these banks underpins the value of his holdings, with Stanbic Bank Uganda retaining its industry leadership in 2025 and Bank of Baroda Uganda also reporting substantial assets and profits.