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Who owns Dangote Petroleum Refinery and Petrochemicals FZE?

1 of the world’s richest people holds Dangote Petroleum Refinery and Petrochemicals FZE in our tracked profiles.

Billionaire holders

  1. Aliko DangoteIndustrials
    Founder87.27% beneficial pre-IPO (via Dangote Oil Refining Co 65.835%, Dangote… · as of Sep 2026
    More
    Entry
    Dangote Petroleum Refinery and Petrochemicals FZE
    Exchange
    Nigerian Exchange (NGX) - listing expected November 2026
    Role
    Founder; controlling beneficial owner
    Stake
    87.27% beneficial pre-IPO (via Dangote Oil Refining Co 65.835%, Dangote Industries Ltd 14.904%, Greenview International Corp 6.496%, plus 60% of Salamad Ventures); ~84.34% post-IPO if base offer fully subscribed
    Stake as of
    2026-09-07 (prospectus)
    source ↗

Each row is a sourced entry from that person’s profile. Stakes are as of the date shown, not today.

Recent SEC filings

Dangote Petroleum Refinery and Petrochemicals FZE has no US ticker in our data, so there are no Form 4 insider trades to show.

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Recent moves

Nov 10, 2026 edition
Aliko DangoteIPO / MarketsEnergyPrivateAI read · ▲ Bullish

Dangote refinery closes $1.58 billion share sale

The move

Crude deliveries to Aliko Dangote's refinery averaged a record 735,000 barrels a day in October, up from 665,000 in September, according to ship-tracking data. Its initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE closed Oct. 27 after regulators extended the offer period by two weeks, selling 4.1 billion new shares at ₦525 each to raise about ₦2.15 trillion ($1.58 billion), with an option to increase the offer by 30%. Allotment details are due to the regulator by Nov. 10, and trading on the Nigerian Exchange is expected to start in December.

Why it matters

A record run rate shows the refinery, which took years longer and cost far more than planned, is finally operating near capacity, and the share sale ranks among Africa's largest IPOs.

The bear case

The offer period has already been extended once, and the large new share count dilutes Dangote's own stake in a project he built mostly with his own capital and debt.

What to watch

Whether Dangote Petroleum Refinery shares begin trading on the Nigerian Exchange in December as planned.

Source · Billionaires.AfricaRead original ↗Report an error

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