Kenya: Rabars Reveals Sh294m Net Worth in Homeboyz

Kenya: Rabars Reveals Sh294m Net Worth in Homeboyz

The Rabar family has revealed its Sh294.5 million fortune in Homeboyz Entertainment (HBE) as they defied Covid-19 headwinds to list the company on the Nairobi bourse yesterday.

The listing statement puts each share of the company at Sh4.66 with the former DJ-turned entertainment and events organiser Myke Rabar holding 35.612 million shares worth Sh165.95 million.

Mr Rabar’s wife Rose Nyaguthii has 27.568 million shares valued at Sh128.47 million. The remaining 20,000 shares worth Sh93,200 are held by John Obonyo — Mr Rabar’s brother.

Homeboyz listed 63.2 million on the Nairobi Securities Exchange (NSE) by way of introduction on the Growth Enterprise Market Segment (Gems) that already has Home Afrika, Flame Tree, Kurwitu Ventures and Nairobi Business Ventures.

The listing comes on the back of the entertainment firm having enrolled for the NSE incubation programme dubbled Ibuka. The programme has attracted 27 firms since launch two years ago.

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