In 1994, the Government reduced its shareholding by 32% to members of the public.
In 1996, it further reduced its Shareholding by 40 million shares to the public.
During the 34th AGM held on 25th April 2003, the bank increased its Share Capital by Kshs. 6 billion i.e. from Kshs. 3 billion to Kshs. 9 billion through the creation of 1,200,000,000 non-cumulative preference Shares of Kshs. 5 each. These Shares were at the disposal of the National Bank Board to offer them in accordance with the Bank’s articles, the CMA rules and the Companies Act.
As at Jan 2019, the shareholding stood at Social Security Fund (NSSF) 48.06%, General Public – 29.44% and Kenya Government 22.5% where KCB Group acquired 100% of National Bank.
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NTISL
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