Co-operative Bank of Kenya's Chief Executive Officer Gideon Muriuki bought an additional 20.1 million shares in CIC Insurance Group in the year ended December, cementing his position as the top individual investor in the insurer.
Disclosures in CIC's latest annual report shows that Mr Muriuki raised his holdings to 158 million shares in the review period from 137.8 million the year before, with the additional shares' worth about Sh45 million based on the current share price. The share purchase raised his stake to six percent from the previous 5.3 percent.
