Foreign investors sold a net of 50.8 million KCB Group shares worth Sh1.44 billion at current prices in the year to June 2023, the bulk of, which were taken up by State-owned pension fund NSSF.
Latest shareholder filings published by the NSE-listed bank show that the volume of shares in the hands of foreign investors dropped to 281.65 million by the end of June, from 332.52 million units a year earlier, while those held by NSSF rose to 312.7 million from 272.6 million units.
