AA Kenya selling shares at Sh50,000 in capital raise

AA Kenya CEO Francis Theuri hands over a trophy to the overall premier membership winner Oscar Mukuria in July 2019. PHOTO | COURTESY

Motoring services association AA Kenya is selling shares to new members at a price of Sh50,000 as it seeks to raise new capital for expansion and transform into a public company.

AA says its 102-year status as a society is restrictive in terms of business, adding that its members will soon become shareholders in a process called demutualisation.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.