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Olympia Capital Holdings

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Olympia Capital Holdings
Company typePublic company; NSE: OCH
IndustryManufacturer, interior, construction
Founded1968
Headquarters
L.R. No 209/5532, Off Nanyuki Road, Industrial Area Nairobi [1]
,
Kenya
Area served
Sub-Saharan Africa
Key people
Michael Matu
CEO [2]
ProductsPVC, pumps, floor tiles, tyres
RevenueDecrease KES 501 Million (2013/14)[3]
Increase KES 45 Million (2013/14)
Total assetsDecrease KES 1.576 Billion (2013/14)[4]
Websitewww.olympiacapital.co.ke

Olympia Capital Holdings Limited is a holding company comprising several businesses in East and Southern Africa.

Location

The company's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya, Botswana and South Africa. The company is listed on the Nairobi Securities Exchange (NSE) and trades as OCH. In addition to the NSE listing, its Botswana subsidiary Olympia Capital Corporation is listed on the Botswana Stock Exchange.

Overview

The company was originally established in Kenya as Dunlop Kenya Limited, a branch of Dunlop United Kingdom; in 2004, the company group was established as Olympia Capital Holdings Limited.

Its corporate direction is toward increasingly diversified manufacture of building materials and home improvement goods such as aluminum window frames, rubber products, curtains and food processing.

Member companies

Olympia has significant ownership stakes in various firms including:[5][6]

  • Dunlop Kenya Limited – Nairobi, Kenya 100% shareholding - The largest manufacturer of vinyl floor tiles and vinyl sheeting in East and Central Africa; its website states that it is the foremost vinyl floor tile manufacturer in Sub-Saharan Africa.[7]
  • Mather + Platt Kenya Limited – Nairobi, Kenya, 56.70% shareholding - Incorporated in 1972, the company is a leading fire and mechanical engineering contracting company as well as distributors of high quality pumps in East Africa.[8]
  • Avon Rubber Company (K) Limited – Nairobi, Kenya, 47.50% shareholding - Manufacture and sale of industrial rubber.
  • Olympia Capital Corporation – Gaborone, Botswana, 50.50% shareholding - Holding company for the Southern Africa Operations. Listed on the Botswana Stock Exchange.
  • Kalahari Floor Tiles Pty – Gaborone, Botswana 100% Shareholding through Olympia Capital Corporation - The largest manufacturer of vinyl floor tiles and vinyl sheeting in Southern Africa. It is also involved in home improvement goods such as aluminum window frames, rubber and curtains.
  • Gaborone Enterprises (Pty) Limited – Gaborone, Botswana, 100% shareholding through Kalahari Floor Tiles Pty - Industrial Property holding company.
  • Tiespro (171) Trading Pty Ltd/a Natwood Africa – Cape Town, South Africa Held through Olympia Capital Corporation- Suppliers of home, bathroom and kitchen fittings and accessories.[9]

Suspension on The Botswana Stock Exchange

In October 2013 the Botswana Stock Exchange-listed subsidiary of Olympia Capital Holdings was suspended from trading. The subsidiary, which owns the bulk of Olympia Capital Holdings' productive assets, was suspended because it has failed to supply the exchange and its shareholders with audited financial statements.[10]

Olympia Capital Corporation was previously suspended from trading on the Botswana Stock Exchange in August 2009 after it failed to report a loss of P17 million in its February 2009 annual report.[11]

Ownership

The Shares of Olympia Capital Holdings are listed on the Nairobi Stock Exchange (NSE). The shareholding of OCH is as follows:[12]

Olympia Capital Holdings stock ownership
Rank Name of owner Percentage ownership
1 Dunlop Properties Limited 18.79
2 Paul Wanderi Ndungu 11.35
3 Karen Enterprises Limited 9.83
4 First Ten Limited 5.90
5 CFC Stanbic Nominees (K) Limited 4.75
6 Others via Nairobi Securities Exchange 49.38
Total 100.00

References

  1. ^ Olympia Capital
  2. ^ Michael Matu takes back CEO seat at Olympia Capital
  3. ^ Olympia Capital Holdings Statement of Incomes, p. 13
  4. ^ Olympia Capital Holdings Statement of Incomes, p. 14
  5. ^ Olympia Capital Holdings Annual Report, P. 36
  6. ^ Olympia Capital Corporation-Botswana Annual Report
  7. ^ Dunlop Kenya Limited - About Us
  8. ^ Mather + Platt Kenya Limited - About Us
  9. ^ Tiespro (171) Trading Pty Ltd/a Natwood Africa
  10. ^ "Olympia Suspended from BSE" (PDF). Botswana Stock Exchange. Retrieved 4 May 2014.
  11. ^ "Botswana: BSE Suspends Olympia for Flouting Accounting Rules". Allafrica.com. Retrieved 4 May 2014.
  12. ^ Olympia Capital Holdings Annual Report, P. 10
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