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This profile was last updated on 5/23/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Naushad N. Merali

Wrong Naushad N. Merali?

Chairman

Local Address: Kenya
Company Description: The Sameer Group is a leading economic force in East Africa with major investments and successful operating companies in all key business sectors employing over...   more
Background

Employment History

Board Memberships and Affiliations

117 Total References
Web References
Kenyan businessman Naushad ...
www.forbes.com, 23 May 2014 [cached]
Kenyan businessman Naushad Merali has retired as chairman of Bharti AirtelBharti Airtel's Kenyan operations.
Merali, who is one of Kenya's richest men with a fortune that Forbes estimates at $440 million, has chaired the company for the last 15 years. According to a report by Kenyan radio station Capital FM's news site, the 63 year-old tycoon is stepping down in order to dedicate more time to other companies within his conglomerate, the Sameer Group.
"I take this opportunity to sincerely thank the entire board for the support extended to me during my tenure as chairman. I will always be available to assist the board and the company whenever I am required to do so," Merali reportedly said in a press statement on Friday to announce his retirement.
Naushad Merali, Chairman, Sameer Group
Merali, 63, was the founder of Kencell, a company that won a mobile telecom operating license in 1999. Kencell was jointly owned by Merali and French media giant VivendiVivendi who respectively held 40% and 60% equity. In 2004, when Vivendi decided to exit Kenya, South African telecoms giant MTN sought to buy out Kencell's stake. Merali, as the second largest shareholder in the company, had a pre-emptive right that gave him the first opportunity to buy Vivendi's stake before it was offered to a third party. Both MTN and Merali put in a bid of approximately $225 million for the stake, but Merali had great difficulty in raising the required amount to finance the deal within the agreed timelines. As the time limit neared expiration, it was almost certain that Merali was losing out on the bid.
In a desperate last minute bid, Merali reached out to Celtel founder Mo Ibrahim, who gave him a loan to finance the deal. Kencell made the winning bid for Vivendi's stake, acquiring it for $230 million. He famously sold it less than an hour later to Mo Ibrahim's Celtel for $250 million, earning a healthy $20 million profit. Popular legend has it that while Merali was negotiating the deal in one room with Vivendi's top bosses, Mo Ibrahim and his Celtel executives were seated in the next room. Immediately after Merali acquired Vivendi's shares, he simply walked to the next room and sold it to Ibrahim. That episode remains a favorite tale in corporate boardrooms across Africa even today.
Kencell subsequently rebranded as Celtel Kenya. But over the years, the company has undergone a series of ownership changes. Celtel Kenya was subsequently acquired by Kuwaiti firm MTC in 2005, and MTC eventually sold its shares to Bharti Airtel India in 2010. Merali remained chairman of the company all through the changes. Between 2008 and 2009, he offloaded the bulk of his shares, earning more than $150 million in the process. He now owns 5% of Bharti Airtel Kenya, but still remains the largest individual shareholder.
Naushad Merali made his fortune building the Sameer Group, a Kenyan conglomerate that has interests in everything from commercial banking to offshoring, construction, energy, property and information technology. Sameer is named after his first son, Sameer Merali, who is generally regarded as Naushad Merali's heir apparent.
TEGLA LOROUPE PEACE FOUNDATION - Board Of Trustees
teglapeacefoundation.org, 13 Aug 2012 [cached]
Mr. Naushad Merali
Mr Naushad Merali, Chairman & CEO of the Sameer Group is one of Kenya's leading industrialists.
Management
www.sameer-group.com, 23 Mar 2013 [cached]
Naushad Merali, CBS
Naushad N. Merali is the chief architect of the astonishing success that is the Sameer Group. His dedication, vision and unfailingly astute business sense have helped build the largest economic force in Kenya. Mr. Merali's contributions to the economy and the well-being of its people have earned him the highly prized National Award of "Chief of the Order of the Burning Spear".
He is a member of the Kenya Export Promotion Council, the National Investment Council (both major policy making organs of the Kenyan Government), the World Economic Forum, Switzerland, The Conference Board, New York, and the International Who's Who of Professionals.
He has also been appointed to The National Poverty Eradication Commission, The Kenya Export Promotion Council, The National Economic Social Council, The Committee to review Terms & Conditions of Service for Civil Servants and the Presidential Committee on Employment-all of which are presidential appointments.
Naushad ...
www.crmz.com, 15 June 2008 [cached]
Naushad Merali
Chairman of the Board
Eveready East Africa Limited
The Standard | Online Edition
www.eastandard.net, 14 June 2006 [cached]
Speaking during the launch of the company's new network in Nairobi, Celtel Kenya chairman Naushad Merali hailed the group's regional presence as a commendable achievement.
Analysts however read his speech to mean it brought the company closer to realizing its long-term goal of establishing a seamless mobile telephone network in East Africa.
During the same occasion Celtel International CEO Marten Pieter's reaffirmed the company's faith in Africa as the growth market for mobile telephone companies.He said "with the addition of Kenya to the Celtel family, the opportunities for bringing down the cost of telecommunication were endless.
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