Mr Muya and his associates currently hold a combined 35.67 percent stake in the bank, equivalent to 593.03 million shares.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Family Bank founder Titus Muya and his associates recorded a gain of Sh4.74 billion on their holdings in the lender after its share price jumped by 44 percent in its first day of trading at the Nairobi Securities Exchange (NSE) on Tuesday.
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The waiver clears the way for founder Titus Muya and related shareholders to reduce their stake in Family Bank.
Today, Family Bank boasts assets of Sh168.5 billion and a network of 95 branches, making it one of Kenya's largest lenders and…
The lender’s issued shares will grow to 1.85 billion from the current 1.66 billion, which will give it a starting market…
Mr Muya founded the bank in 1984 as Family Finance Building Society, later opening the first branch in Kiambu town in 1985.
Family Bank recorded a strong debut on the NSE, with its share price surging in early trading as the lender outlined plans for…
Family Bank will debut on the Nairobi Securities Exchange at Sh18 per share.
