To diversify the shareholder base, the lender has the option of either issuing more shares to a strategic buyer or having key owners sell a portion of their units to the investor.
By
Charles Mwaniki
Business Reporter
Nation Media Group
Family Bank will consider bringing in a strategic investor in future as it looks to diversify its shareholder base and help lower its founders’ effective stake to meet the regulatory cap of 25 percent.
The lender’s issued shares will grow to 1.85 billion from the current 1.66 billion, which will give it a starting market…
The waiver clears the way for founder Titus Muya and related shareholders to reduce their stake in Family Bank.
Marketing firms will take the biggest share of the transaction budget as the lender prepares to start trading on the Nairobi…
Family Bank recorded a strong debut on the NSE, with its share price surging in early trading as the lender outlined plans for…
The bank's listing will be the second this year following Kenya Pipeline Company’s initial public offering in March.
Family Bank will debut on the Nairobi Securities Exchange at Sh18 per share.
