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Muyas’ Family Bank stake diluted to 34pc in rights issue
Family Bank Founder Titus Muya addressing participants during Family Bank 40th anniversary Celebration, Commemorating Four decades of success and growth at Ulinzi Complex Grounds in Nairobi on November 29, 2024.
The family of Titus Muya's combined stake in Family Bank shrunk by 9.3 percentage points following its decision to sit out the bank's recent capital raising as it seeks to comply with regulatory requirements.
Mr Muya and members of his family previously held eight of the top 10 shareholder positions in the mid-sized lender with a combined stake of 43.3 percent.
