IHS Holding director files initial ownership report

IHS Holding Ltd director El-Rufai Bashir Ahmad filed an initial Form 3 reporting his ownership of the company’s ordinary shares.

Accepted by SEC EDGAR 03/18/2026 - 04:17 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

IHS Holding Ltd director El-Rufai Bashir Ahmad filed an initial Form 3 reporting his ownership of the company’s ordinary shares. The filing shows 37,112 ordinary shares held directly. It also lists 1,047,404 ordinary shares held indirectly through African Tower Investment Limited, with a disclaimer that he does not admit beneficial ownership beyond his pecuniary interest.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider El-Rufai Bashir Ahmad

Role Director

Type	Security	Shares	Price	Value
Holding	Ordinary Shares	--	--	--
Holding	Ordinary Shares	--	--	--

Holdings: Ordinary Shares — 37,112 shares (Direct); Ordinary Shares — 1,047,404 shares (Indirect, See footnote)

Footnotes (1)

1. F1. The reporting person disclaims beneficial ownership of these securities held by African Tower Investment Limited except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does El-Rufai Bashir Ahmad report owning in IHS (IHS) on this Form 3?

He reports beneficial ownership of ordinary shares of IHS Holding Ltd, including 37,112 shares held directly. The filing also describes a larger indirect position held through African Tower Investment Limited, with a disclaimer limiting his admitted beneficial interest.

How many IHS (IHS) shares does El-Rufai Bashir Ahmad hold directly?

He reports holding 37,112 ordinary shares directly. These are recorded as direct ownership on the Form 3 and represent the shares personally registered to him, separate from any indirect holdings through related entities or investment vehicles.

What indirect IHS (IHS) holdings are reported through African Tower Investment Limited?

The Form 3 lists 1,047,404 ordinary shares of IHS Holding Ltd held indirectly through African Tower Investment Limited. These shares are attributed to him for reporting, subject to his disclaimer of full beneficial ownership beyond any economic interest.

Why does the IHS (IHS) Form 3 include a beneficial ownership disclaimer?

The filing states he disclaims beneficial ownership of the shares held by African Tower Investment Limited except to the extent of his pecuniary interest. This language indicates he does not admit full beneficial ownership of all such indirectly held reported shares.

Does the IHS (IHS) Form 3 show any recent share purchases or sales?

No specific buy or sell transactions are reported. The entries are classified as holdings, indicating an initial statement of ownership rather than new market trades, option exercises, gifts, or other acquisition or disposition events.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

El-Rufai Bashir Ahmad

(Last) (First) (Middle)

1 CATHEDRAL PIAZZA

123 VICTORIA STREET

(Street)

LONDON SW1E 5BP

(City) (State) (Zip)

UNITED KINGDOM

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
IHS Holding Ltd [ IHS ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	37,112	D
Ordinary Shares	1,047,404	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reporting person disclaims beneficial ownership of these securities held by African Tower Investment Limited except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.

	/s/ Bashir El-Rufai	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)