Nigerian banker and lawyer Sa’adat Mohammed set to earn N450 million dividend in 2025

Nigerian lawyer and banker Sa’adat Hamza Mohammed, a seasoned legal and banking executive, is set to pocket over N450 million payout from her stake in Jaiz Bank, the pioneer of non-interest banking (Islamic banking) in Nigeria. 

This payout is part of the lender’s recommended total dividend of N4.91 billion ($3.57 million) for fiscal year 2025, reflecting the company’s robust financial performance.

The N450.58 million ($328,626) dividend, to be paid next month, is a testament to Jaiz Bank’s impressive financial results. The board of directors recommended a dividend of N0.11 ($0.00008) per share for the 2025 fiscal year.

Mohammed’s non-executive role impacts Jaiz Bank’s record growth
Mohammed, a seasoned legal and banking executive, is a significant indirect shareholder in Jaiz Bank, holding a 9.19% stake through Althani Investment Ltd, equivalent to 4.1 billion shares. Althani Investment Ltd, a subsidiary of Althani group, a major investment conglomerate founded by Nigerian businessman, Musbahu Mohammed Bashir, who founded the company on July 18 2003 and has transitioned to have various subsidiaries.

The bank’s strong financial performance in 2025 underpins the recent market rally. Profit rose 28.41% to N30.16 billion ($21.99 million) as of 2025, up from N23.48 billion ($17.12 million) a year earlier. 

Total assets climbed 19.12%, reaching N1.29 trillion ($938.7 million), compared with N1.08 trillion ($788.06 million) at the end of 2024. Retained earnings rose by 83.56% from N15.69 billion ($11.44 million) to N28.8 billion ($21 million).

As of this report, Jaiz Bank ranks 39th among the most valuable companies listed on the Nigerian Exchange with a market capitalization exceeding $400 billion ($290 million). It also retains its distinction as Nigeria’s first non-interest bank, benefiting from rising investor interest in ethical and Sharia-compliant finance.

Mohammed’s Jaiz Bank stake delivers over N450 million payday

Jaiz Bank’s strong financial performance prompted its board to propose a dividend of N0.11 ($0.00008) per share, up 57.14% from the dividend of N0.07 per share paid to shareholders in the previous year.

Sa’adat Hamza Mohammed, who holds a 9.19% stake in Jaiz Bank, equivalent to 4,096,154,493 shares, stands to receive N450.58 million ($328,626), solidifying her position as one of Nigeria’s richest bankers and a prominent lawyer in the Nigerian financial services industry.