Yasser K. Ahmed, the Lebanese Billionaire Behind Riham &  Biplous, Buys Lugogo Mall Lebanese billionaire Yasser K. Ahmed, the force behind Riham and Biplous, has acquired Uganda’s iconic Lugogo Mall for an estimated USD 20 million, rebranding it to YK Lugogo Mall. As one of the country's biggest post-COVID commercial property deals, the acquisition marks Ahmed’s bold expansion into retail real estate—joining other high-value transactions like Acacia Mall, Simbamanyo House, and Lotis Towers.

In one of Uganda’s most recent consequential commercial real estate deals Yasser K. Ahmed—the Lebanese billionaire investor behind top Ugandan brands Riham and Biplous—has acquired the iconic Lugogo Mall, previously home to Shoprite and Game Stores. The mall, which has since been rebranded to YK Lugogo Mall, is undergoing an extensive facelift and expansion aimed at transforming it into a modern, multi-utility lifestyle hub. According to knowledgeable sources close to the deal, the transaction was concluded between late 2023 and early 2024. The property was at the time of sale valued in the region of USD20 million according to knowledgeable…