Foreigners buy extra Sh663m KCB stake from locals after MSCI index promotion

KCB Bank

KCB last paid a dividend of Sh6.4 billion (Sh2 per share) for the year ended December 2022.

Photo credit: Dennis Onsongo | Nation

Foreign investors purchased an additional 16.87 million KCB Group shares currently valued at Sh663.96 million in the three months ended September 2024, chipping away at the stake of locals.

The Nairobi Securities Exchange-listed bank's latest disclosures shows that the foreign investors closed September with 365.72 million shares from 348.85 million at the end of June.

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