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Originally published by Capital Business
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business
December 8, 2025
5h ago

Credit Bank seeks shareholder approval to raise Sh4.5bn

Credit Bank seeks shareholder approval to raise Sh4.5bn

NAIROBI, Kenya, Dec 8 — Credit Bank is seeking shareholder approval to raise up to Sh4.5 billion through a private placement, alongside proposals to Kenya breaking news | Kenya news today |..

✨ Key Highlights

Credit Bank is seeking shareholder approval to raise up to Sh4.5 billion through a private placement and other financial maneuvers, aiming to bolster its capital base and fund growth.

  • The bank plans to issue up to 45 million ordinary shares at Sh100 each to existing shareholders and qualified investors.
  • An Extraordinary General Meeting (EGM) is scheduled for Friday, December 19, 2025, to discuss these proposals.
  • Credit Bank also seeks to acquire land on Kiambere Road, Upper Hill, valued at Sh1.2 billion, from Shangrilas Villas Co. Ltd in exchange for 12 million ordinary shares.
  • Additionally, a USD 1.5 million convertible note will be issued to ShoreCap III LP to supplement its capital.

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