In 2006, 49% shareholding in AmalSec was purchased by Meekly Enterprises of Nigeria.

Meeky is also a major shareholder in Oceanic Group De Banco, one of Nigeria's leading financial services providers.

[1] In 2007, the total asset valuation of AmalSec was estimated at US$136 million.

[3] It is therefore estimated that the total assets of the securities firm, as of June 2009, is approximately US$272 million.

In April 2011, majority shareholding (60%) in AmalSec was acquired by the banner of Bank Of Africa Group (B.O.A).