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Originally published by The Standard BusinessOctober 1, 2025
2h ago
Family Bank shareholders to ratify plan to list on NSE

Family Bank Limited has called for an Extraordinary General Meeting (EGM) to be held at the end of the month where shareholders are expected to ratify the decision to go public...
✨ Key Highlights
Family Bank Limited has called an Extraordinary General Meeting (EGM) at the end of October for shareholders to ratify a plan to list on the Nairobi Securities Exchange (NSE) by introduction. This move aims to facilitate the trading of its shares on the main investment market segment.
- The virtual EGM is scheduled for Monday, October 27, where shareholders will vote on special resolutions for the listing.
- The plan to list was announced in May by Board Chair Lazarus Muema, with an intention to list by 2026.
- The decision follows the oversubscription of the bank’s 2021 bond, which raised Sh4.4 billion against a target of Sh3 billion, and a growing asset base of Sh192.7 billion by June 2025.
- The listing is also driven by the bank's rapidly growing business outpacing its capital adequacy ratio, which stood at 15.8 percent by Q1 2025, slightly above the minimum 14.5 percent.
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