Co-op Bank’s Gideon Muriuki raises stake in CIC

Co-op Bank’s CEO Gideon Muriuki. FILE PHOTO | NMG

Co-op Bank’s #ticker:COOP chief executive Gideon Muriuki has bought an additional 8.6 million shares in CIC Group #ticker:CIC, cementing his position as the top individual investor in the insurer.

The extra shares, currently valued at about Sh40 million, saw his stake in the Nairobi Securities Exchange-listed firm rise to 5.04 per cent in December 2017 from 4.7 per cent a year earlier.

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