Shareholders back Old Mutual balance sheet clean-up
The restructuring will see Sh4.67 billion transferred from the company's share premium account to offset part of its accumulated retained losses, which stood at Sh7.06 billion as of December 31, 2025...
✨ Key Highlights
Shareholders of Old Mutual Holdings PLC have approved a significant balance sheet restructuring worth Sh4.67 billion. This financial manoeuvre aims to clear accumulated losses and pave the way for dividend payments to resume.
- Sh4.67 billion will be transferred from the share premium account to offset accumulated retained losses.
- Key individuals include Old Mutual Group Chief Executive Officer Arthur Oginga.
- The restructuring, approved at the 18th Annual General Meeting on June 30, is non-cash and will not impact daily operations or share ownership.
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CMA Expands Regulated Investment Products with New Fund Approvals - July 2026
The Capital Markets Authority (CMA) has significantly expanded investment avenues for Kenyans by approving two new umbrella unit trust schemes and several additional sub-funds under existing collective investment schemes. Shareholders of Old Mutual Holdings PLC have approved a significant balance sheet restructuring worth Sh4.67 billion, aiming to clear accumulated losses and pave the way for dividend payments to resume. Kipenzi Sugar plans to invest Sh1.45 billion in constructing a new sugar factory in Mur Malanga, Siaya County, aiming to boost sugar production and provide a market for local cane farmers.
