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Kenyattas, key bank CEOs top in Sh1bn dividend payouts
The families of Jomo Kenyatta and Philip Ndegwa as well as the CEOs of Equity Group and Co-operative Bank are set to earn dividends of Sh1.1 billion cumulatively. FILE PHOTO | NMG
The families of Jomo Kenyatta and Philip Ndegwa as well as the CEOs of Equity Group #ticker: and Co-operative Bank are set to earn dividends of Sh1.1 billion cumulatively, based on the payouts proposed by the banks they have invested in.
The Kenyattas and Ndegwas are major shareholders in NCBA Group, which was formed from the merger of the NIC Group and CBA Group last September. On the other hand, Equity Group CEO James Mwangi and Gideon Muriuki of Co-op Bank own significant stakes in the banks they lead, priming them for significant dividend payouts.
