As a multimillion-dollar shareholder in Asante Gold, a publicly traded gold exploration, development, and operation company on the Toronto Stock Exchange, Nadia Abdul Aziz, a reclusive Ghanaian executive, is probably one of the wealthiest business executives in Ghana and West Africa.
Asante Gold’s new director, Aziz, has a 4.13-percent ownership in the company totaling 13 million shares, making him one of the largest shareholders in the gold exploration company.
At Indussi Resources, a privately held Ghanaian project originator and developer, Aziz was crucial in the acquisition of significant mineral rights and mine development prior to joining Asante Gold in 2020.
Asante Gold recently acquired the Chirano Gold Mine, an operating open-pit and underground mining operation in southwest Ghana, immediately south of the company’s Bibiani Gold Mine, thanks in part to her many years of experience in mining finance positions. She was instrumental in this acquisition.
Currently at $16.1 million, Nadia Abdul Aziz’s 4.13 percent interest in the gold prospecting company is one of Ghana’s wealthiest executives and investors.
Due to the secondary listing of Asante Gold on the main market of the Ghana Stock Exchange, which took place last week on Wednesday, June 29, Aziz is now competing with Ghanaian businessman Daniel Ofori, who has a diversified investment portfolio worth over $28 million on the local bourse in Ghana.
Aziz’s 4.13 percent stake in Asante Gold is worth significantly more than the portfolio values of Ghanaian businessmen and leading investors like Patrick Kingsley-Nyinnah, Frank Brako Adu, and Oscar Yao Doe, in line with the implied value of Asante Gold’s shares following their listing on the Ghana Stock Exchange on Wednesday..