Billionaire investor Baloobhai Patel bought an additional 9.17 million shares in Absa Bank Kenya with a current market value of Sh157.7 million in the year ended December 2024, increasing his stake in the company where he is the top individual shareholder.
His ownership in the review period stood at 65.03 million shares equivalent to a 1.2 percent stake, up from the prior year’s 55.8 million shares (1.03 percent), according to disclosures in the lender's latest annual report.
