Safaricom post-IPO investor wealth rises to Sh1.3trn peak

A Safaricom shop in Nairobi. FILE PHOTO | NMG

The Safaricom #ticker:SCOM stock hit a historic peak last Friday, closing at a high of Sh32.80 per share on Friday, thereby swelling investor wealth eightfold since its listing on June 9, 2008, inclusive of dividends.

Shareholder wealth as measured by market capitalisation has now touched Sh1.314 trillion, representing an increase of a whopping Sh1.114 trillion from the time the company listed 40 billion shares at Sh5 a share 11 and a half years ago.

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Note: The results are not exact but very close to the actual.