Foreign investors cut their collective stake in KCB Group by 51.3 million shares valued at Sh2.35 billion in the first five months of the year, offloading the stock to local institutional buyers.
Regulatory filings show that the number of shares of the bank in the hands of foreigners stood at 304.16 million units at the end of May, equivalent to a stake of 9.47 percent, from a four-year high of 355.48 million shares or 11.06 percent at the end of December 2024.
