The exit comes after several changes in Sidian’s ownership structure and capital base, including rights issues aimed at strengthening the lender.
By
Patrick Alushula
Business Reporter
Nation Media Group
Centum Investment Company exited Sidian Bank after 25 years of ownership with cumulative proceeds from the sale of its stake falling Sh301 million short of the investment firm’s original cost of Sh4.77 billion.
This offered room for higher dividends to shareholders.
Centum first ran a buyback programme between February 6, 2023 and September 20, 2024, targeting 66.54 million shares which…
Transaction hands Rock Investment Bank immediate control of one of Kenya’s established investment managers.
Billionaire heirs of the late industrialist Chris Kirubi and other top shareholders are set for a bumper payday after Centum…
Mr Mworia’s appointment comes two months after Treasury Cabinet Secretary John Mbadi appointed him to a six-member NIF board.
Stanbic Holding, which comprises Stanbic Bank Kenya, its South Sudan operations, investment bank SBG Securities and bancassurance…
