Sidian Bank eyes extra Sh500m in latest rights issue

Sidian bank chief executive officer Chege Thumbi during interview in Nairobi on March 26, 2018.

Photo credit: File | Nation Media Group

Sidian Bank will be raising Sh500 million of new capital this month, in the last leg of a Sh3 billion rights issue approved by shareholders to support the lender's growth.

The bank's shareholders injected Sh600 million early this year which followed a Sh1.9 billion capital raising drive that was concluded late last year.

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