Safaricom Investment Co-op freezes dividends

The board has not proposed any dividends. FILE PHOTO | NMG

Members of Safaricom Investment Co-operative (SIC) will not earn any return from their share capital for the year ended December 2019 after revenues plunged 89.3 percent on adoption of a new accounting standard.

Its annual report for the period shows that the board has not proposed any dividends, also disclosed as rebates, to its 4,538 members.

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