Billionaire Naushad Merali is Dead

Billionaire Businessman Naushad Merali.

Businessman Naushad Merali has died aged 70.

Merali died on Saturday morning, July 3, while undergoing treatment at the Nairobi Hospital.

According to a statement by Shia Ithna Asheri Jamaat Secretariat, only close family members will be allowed to attend the burial due to the COVID-19 guidelines.

“It is with profound grief and sorrow that we inform you of the sad demise of Dr. Naushad Noorali Merali in Nairobi. He was a businessman the owner of Sameer group. Burial will be held today 3rd July, 2021.

“It is the family’s request that Covid protocols be adhered to firmly hence, only immediate members of the family and those assisting with the burial proceedings to attend. The family thanks you for honouring this request. Details of a Memorial for the wider Community and friends will be circulated in due course,” read the statement.

Until his demise, Merali chaired Sameer Group, a Kenyan conglomerate active in agriculture, construction, information technology, property and finance.

He was formerly the chairman and largest individual shareholder of Bharti Airtel’s operations in Kenya, but in 2014 he sold his shares and stepped down from the company’s board.

As of November 2015, Merali had a net worth of at least $370 million (Sh37 billion), Forbes estimated, placing him at Number 48 on the list of Africa’s 50 wealthiest people.

Billionaire Businessman Naushad Merali.

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