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About First Mutual Properties Limited

First Mutual Properties, formerly known as Pearl Properties Limited, is a subsidiary of First Mutual Holdings. It is a real estate company with vested interests in the development and management of commercial properties in the major towns of Zimbabwe.

First Mutual Properties has a significant property portfolio, comprising some 117 250 square metres of lettable space made up of office parks, retail shops, commercial and industrial property. It owns and manages 41 buildings in the major economic hubs of Zimbabwe, including high-rise commercial buildings, industrial and warehouse properties and retail outlets. First Mutual Properties also has a residential trading stock of two- and three-bedroomed garden flats in Avondale, Harare.

3 Reasons to Consider Investing in First Mutual Properties Limited


Prime Investments

Investments in prime properties in the major towns and cities of Zimbabwe, comprising about 122 300 square metres of lettable space made up of office parks, retail shops, commercial and industrial space


Value Creation Trend

Our strategy is based on and informed by three pillars underpinning the core business, namely, risk management, wealth creation and wealth management


Strategic Positioning

The Group remains strategically positioned to exploit opportunities that may arise within the market through its investments in brownfield and prime greenfield developmental sites

Our Share Price in Action

ZWL cents 781.00 -18.38 / -2.30%
Year to date 189.26%
52 Week Change 255.00%
52 Week Low
52 Week High


Sales Value ZWL cents 781.00
Volume Traded 1,100
Value Traded ZWL 8,591.00
Market Cap ZWL 9,670,008,591
Shares issued 1,238,157,310


Sector Property
Exchange Zimbabwe Stock Exchange
ISIN ZW 000 901 202 3
YEAR Listed 01st January, 2007
Year End December


P/E 2.68
Div. Yield 0.260%
EPS ZWL cents 291.00
P/B Ratio 1.11
EV / Ebitda 109.39
Find the most important share facts

Company Information

Registered Name First Mutual Properties Limited (
ISIN ZW 000 901 202 3
Ticker Code
Sector Property
Stock Exchange Zimbabwe Stock Exchange
Chairman Elisha K. Moyo
Managing Director Christopher K. Manyowa
Company Secretary Sheila Frances Lorimer
Transfer Secretary Corpserve Registrars (Pvt) Ltd (zw)
Year End December
Year Founded 2006
Year Listed 01st January, 2007

Top 5 Shareholders

Name Holding Percentage
Stanbic Nominees (Pvt) Ltd. 882,427,379 71.27%
Econet Group Pension Fund 110,914,758 8.96%
First Mutual Life Shareholders 96,403,627 7.79%
SCB Nominees 033667800003 93,613,126 7.56%
ZB Life Assurance Limited 6,099,307 0.49%
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