How Sameer Has Been Understating Its Properties To Dupe Shareholders

How Sameer Has Been Understating Its Properties To Dupe Shareholders

Recently, businessman Naushad Merali acquired an additional 1.91 percent stake Sameer Africa to reach a new high of 74.06 percent. The company recently dropped its tyre business in a bid to return to profitability by concentrating on its real estate arm. However, in their income statement for 2019, the company valued their investment properties at […]