Ex-BOC Kenya chairman Ngugi Kiuna raised his stake in the company to 11.2 percent in the year to March 2024 from 8.56 percent a year earlier, putting him above the threshold needed to block a mandatory buyout of his shares in the firm that is the subject of a takeover bid.
BOC’s annual report for 2023 shows that he acquired 521,400 shares in the company in the 12-month period, currently worth Sh44.84 million.
