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Jubilee Holdings pays record Sh1bn dividend
From left: Jubilee Holdings Ltd Group CEO Dr Julius Kipngetich with Vice Chairman Zul Abdul, Chairman Nizar Juma and Group Chief Operating Officer Juan Cazcarra. Jubilee Holdings Limited declared a record dividend of Sh1.036 billion for the financial year ended December 2023.
Jubilee Holdings Limited has declared a record dividend of Sh14.30 per share amounting to Sh1.036 billion for the financial year ended December 2023, supported by a special distribution from final gain on sale of majority stakes in general insurance subsidiaries to global underwriter Allianz.
The firm’s board on Wednesday recommended payment of Sh10 per share as ordinary dividend and a special dividend of Sh2.30 per share, adding to the Sh2 per share interim payout that had been made in early October last year.
