Family Bank to List by Introduction on NSE on June 23

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Family Bank has received approval from the Capital Markets Authority (CMA) to list its shares on the Nairobi Securities Exchange (NSE) by way of introduction, paving the way for trading to commence on June 23 in one of the most significant additions to Kenya’s bourse in recent years.

The listing will enable existing shareholders to buy and sell Family Bank shares on the NSE without the lender issuing new shares or seeking additional capital from investors.

The mid-tier lender has spent the past several years strengthening its capital base and improving profitability ahead of its planned market debut.

The bank’s top ten shareholders collectively control 59.1% of the issued shares, while the remaining 40.9% was held by other investors.

“Our vision to positively transform people’s lives in Africa has remained unchanged and this listing will accelerate the realization of that vision,” Family Bank Managing Director Nancy Njau said in a statement. “The decision for the Bank to list follows years of strategic preparation to ensure we list from a position of strength.”

Family Bank said its decision to pursue a listing by introduction was underpinned by its strong capital position. The bank does not intend to raise fresh funds through the transaction, having already bolstered its balance sheet through a private placement in 2025 that raised KSh 8 billion, surpassing its initial KSh 6.09 billion target.

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