Court to rule on SBM bid to take Fidelity row for arbitration

Former shareholder of Fidelity Commercial Bank Fidelity Bank, Sultan Khimji during a past interview. FILE PHOTO | EMMA NZIOKA | NMG

The High Court will on June 9, 2023, make a ruling on whether the dispute pitting former shareholders of Fidelity Commercial Bank against SBM Bank Kenya Holdings should be settled in a tribunal or proceed in court.

Fidelity was taken over by Mauritius’ SBM Holdings for Sh100 in May 2017, with additional payouts that were deferred.

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