(MENAFN) Naspers Ltd gave CEO USD10.4mn in long-term share options as Africa's largest firm by market value aims to enhance its global internet businesses amid dropping revenue.
Furthermore, the incentive comes on top of a salary of USD2.2mn in pay and bonuses for the most current fiscal year amid March.
Additionally, the pay awards correspond with a year in which the firm earnings grew by 41 percent to USD1.8bn, driven by the performance of Chinese internet firm Tencent Holdings Ltd.
Meanwhile, Naspers executives met with investors in the U.S. and London in June about a planned bond issue to support repay debt and pursue more acquisition targets.
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