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Investors eye Sh2bn gain on Family Bank listing
Family Bank Founder Titus Muya addressing participants during Family Bank 40th anniversary Celebration, Commemorating Four decades of success and growth at Ulinzi Complex Grounds in Nairobi on November 29, 2024.
Existing and new investors who participated in Family Bank’s private placement last year are set for capital gains of 24.1 percent or Sh1.93 billion when the lender lists on the Nairobi Securities Exchange (NSE) on Tuesday next week.
The investors, including Kenya Tea Development Agency (KTDA) and Kenya Orient Life Assurance –which is associated with Family Bank founder Titus Muya— applied for 552.05 million shares of the lender for Sh14.50 each.
