Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Muya and associates gain Sh4.7bn on Family Bank listing
Family Bank Founder T.K. Muya (third left) rings the bell joined by Family Bank Chair Lazarus Muema (left), CBK Chair Andrew Musangi, NSE Chair Kiprono Kittony, Family Bank CEO Nancy Njau during the bank’s listing on the NSE by way of introduction where the shares opened trading at Ksh.22.58 per share above the introductory price of KES 18.00.
Family Bank founder Titus Muya and his associates recorded a gain of Sh4.74 billion on their holdings in the lender after its share price jumped by 44 percent in its first day of trading at the Nairobi Securities Exchange (NSE) on Tuesday.
The bank listed 1.662 billion shares on the bourse by introduction at an entry price of Sh18 per share, before closing the day at Sh26.
