Capital Markets Authority (CMA) has fined the former chief executive of KenolKobil #ticker:KENO Jacob Segman Sh5 million for failing to fully disclose his ownership the Nairobi bourse listed oil marketer.
The regulator says that Mr Segman failed to disclose his 5.99 per cent stake in the firm, in breach of CMA regulations that demand directors make public ownership of above three per cent in listed firms.
