The Group Managing Director of Haldane McCall Plc, Dr Edward Akinlade, has outlined the company’s strategy to deliver predictable shareholder returns through a N250bn debt programme and accelerated expansion across West Africa.

According to Akinlade in a statement on Sunday, the company’s strategy is anchored on recurring hospitality income (cash flow) and phased residential developments aimed at sustaining dividends and long-term value creation.

The PUNCH reports that Haldane McCall Plc is one of the newcomers on the Nigerian Exchange Limited. It was officially listed on the Main Board of the NGX in November 2024, listing 3.12 billion ordinary shares of 50 kobo each at N3.84 per share with a market capitalisation of over N11.99bn.

Akinlade said, “Even as we expand into West Africa, our priority remains delivering predictable returns for shareholders.” He noted the successful leasing of 48 apartments in Porto-Novo, Benin Republic, as proof of regional demand: “This is a key milestone, demonstrating that our phased expansion and disciplined project execution generate tangible results.”

The company’s N250bn debt programme, structured in tranches, is designed to align with project cash flows and mitigate borrowing risks, complemented by a rights issue to support shareholder participation.

“Our Suru Express Hotels portfolio continues to grow occupancy and earnings, giving us recurring revenue that underpins dividends,” Akinlade added.

With residential projects like Majidun Estate in Ikorodu and completed developments in Ketu, Lagos, and Porto-Novo, the company is positioning itself for long-term shareholder value creation while exploring selective opportunities in Ghana and the Benin Republic.

The company maintains a dividend payout policy of 30 per cent of net profit, underpinned by recurring hospitality income, phased project delivery and disciplined capital allocation — a framework, Akinlade said, that is designed to balance growth ambitions with consistent shareholder returns.