Former BOC Kenya chairman Ngugi Kiuna raised his stake in the company by more than half in the nine months to December 2024 to hit a holding of 17.66 percent, taking him closer to the threshold needed to block a delisting of the company in case of a takeover.
Regulatory filings show that the tycoon, who recently lost a Capital Markets Tribunal petition seeking to block a proposed sale of the company to fellow listed gas maker Carbacid Investments, now holds 3.45 million shares, up by 57 percent from 2.19 million shares (11.23 percent stake) he owned in March 2024.
