Dangote Cement Spot for $13 Billion London Inventory Market Listing in 2026 

Africa’s richest man, Aliko Dangote, plans to listing Dangote Cement Plc on the London Inventory Alternate earlier than the pause of 2026. The switch targets a dual list for a firm price with regards to $13 billion and can execrable among the many most valuable African corporate listings in years.

Dangote disclosed the opinion in an interview with the Monetary Events. He said the cement huge intends to promote about 10% of its shares to exterior merchants as part of the secondary list in the UK.

Why London, and Why Now

Dangote Cement first explored a London list as a long way support as 2018. Two elements blocked it then: stringent list requirements on the London Inventory Alternate and the huge distraction of building Africa’s ideal oil refinery in Lagos.

Each limitations maintain now shifted. The UK’s Monetary Habits Authority overhauled its list principles, and the refinery has moved into fleshy operation.

Dangote credited the regulatory modifications straight. “We ended up saying London is correct as they’ve introduced down the minimal list requirements,” he said. He added that he has been mad a pair of dual list “for seven to 10 years” and that the firm now feels ready to behave.

He indicated the list also can seize situation around September 2026, discipline to market situations and investor quiz. Advisers are already engaged.

The Monetary Case for the Listing

Dangote Cement’s numbers provide a compelling pitch to global merchants.

The firm posted a profit earlier than tax of N421.1 billion for the first quarter of 2026 by myself. That figure displays a 35% Twelve months-on-Twelve months enhance from N311.9 billion in Q1 2025, with earnings climbing to N1.19 trillion from N994.6 billion over the identical interval.

For the fleshy Twelve months 2025, Dangote Cement reported a pre-tax profit of N1.Fifty three trillion. That end result represents a 109% soar from N732.54 billion in 2024, driven by sturdy earnings bid and a interesting reduction in finance fees. The firm also proposed a dividend of N45 per portion.

These figures give Dangote Cement obvious momentum heading into any investor roadshow.

What a London Listing Would Mean for Dangote

A a hit list also can push Dangote’s private get price even greater. Bloomberg estimates already build it at approximately $35.4 billion as of Might well well maybe furthermore merely 2026, up $5.4 billion since the launch of the Twelve months. A London IPO that attracts sturdy institutional quiz would enhance that figure additional.

Beyond private wealth, the list suits a greater internationalisation approach. Dangote said he’s now in the “busiest interval” of his existence, turning 69 on April 10. Reasonably than slowing down, he’s pursuing listings precise by plot of multiple markets and multiple agencies concurrently.

The Refinery Listing Runs in Parallel

The cement list would not stand by myself. In April 2026, Dangote revealed separate plans to listing approximately 10% of the Dangote Refinery on multiple African stock exchanges. The Lagos refinery in the in the interim processes 650,000 barrels per day. Dangote aims to scale that output to 1.4 million barrels per day, a ability that can kind it the ideal refinery on this planet upon completion.

For the refinery list, the firm has already appointed advisers including Stanbic IBTC Capital, Vetiva Advisory Services, and FirstCap. The dual list approach precise by plot of every cement and refining signals a deliberate effort to attract pools of global and pan-African capital into the Dangote Neighborhood’s subsequent part of expansion.

What a Dangote Listing Device for the London Inventory Alternate

London would profit significantly from landing this list. The unreal has struggled lately to attract significant world companies, facing stiff competition from US markets and continental European exchanges. Several huge British companies maintain chosen Novel York over London for their public listings, prompting a coverage response from UK regulators.

The FCA rule modifications that Dangote cited were part of that response. Pulling in a firm of Dangote Cement’s scale, profitability, and price recognition would give the bogus a meaningful signal to ship to assorted African and emerging-market companies mad about global listings.

In most cases Requested Questions

Is Dangote Cement list on the London Inventory Alternate in 2026? Sure. Aliko Dangote confirmed in a Monetary Events interview that Dangote Cement Plc plans a secondary list on the London Inventory Alternate in 2026. The firm targets a September timeline, discipline to market situations.

How powerful of Dangote Cement shall be provided in the London list? Dangote plans to promote approximately 10% of the firm’s shares to exterior merchants as part of the London list. The firm in the in the interim carries a valuation of with regards to $13 billion.

Why is Dangote list in London quite than Novel York? Dangote particularly cited contemporary reforms by the UK’s Monetary Habits Authority as the deciding ingredient. The fresh principles diminished minimal list requirements and made the London market more accessible and engaging for global companies.

How a hit is Dangote Cement? Dangote Cement reported a pre-tax profit of N421.1 billion for Q1 2026, a 35% rise Twelve months-on-Twelve months. For the fleshy Twelve months 2025, the firm posted a pre-tax profit of N1.Fifty three trillion, up 109% from N732.54 billion in 2024.

Is Dangote also list his oil refinery? Sure. Dangote individually announced plans to listing around 10% of the Dangote Refinery on multiple African stock exchanges. The refinery in the in the interim operates at 650,000 barrels per day, with expansion plans focused on 1.4 million barrels per day.

What’s Aliko Dangote’s get price in 2026? Bloomberg estimates Dangote’s get price at approximately $35.4 billion as of Might well well maybe furthermore merely 2026, reflecting a $5.4 billion enhance since the launch of the Twelve months.

Has Dangote Cement tried to listing in London earlier than? Sure. The firm first explored a London list around 2018 but did not proceed due to the stringent list requirements at the time and the requires of building the Dangote Refinery.