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Old Mutual to clean balance sheet, resume dividend payout
Group Chief Executive Officer of Old Mutual Holdings PLC Arthur Oginga during the firm’s investor Briefing held on March 27, 2024 at The Sarova Stanley Hotel in Nairobi.
Old Mutual Holdings is seeking to restructure its balance sheet with the goal of clearing accumulated losses, a decision that will allow it to pay dividends.
The regional insurer plans to use its share premium of Sh4.66 billion to clear part of the accumulated losses, which stood at Sh7.06 billion by the end of 2025.
