State-controlled National Social Security Fund (NSSF) bought an additional 18.8 million shares worth Sh703 million in listed tier-one lender KCB Group in the third quarter of this year, the latest in a series of incremental purchases.
KCB disclosed in regulatory ownership filings that the NSSF raised its ownership to 291.35 million shares in the bank at the end of September equivalent to a stake of 9.07 percent, up from 8.48 percent in June.
