Sidian Bank founders and individual shareholders received Sh841.66 million on sale of their entire stake in the lender, underlining foreign investors’ appetite for Kenya’s banking sector.
The lender discloses in its latest annual report that K-Rep Group Limited, an investment vehicle that founded the lender as K-REP Bank, joined KWA Multi-Purpose Co-operative Limited and nine individuals in relinquishing their combined 728,525 shares or 16.57 percent stake.
