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Originally published by Capital Business
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business
August 18, 2026
3w ago

Directline Assurance faces liquidation petition at High Court

Directline Assurance faces liquidation petition at High Court

The petition was filed by Yusra Ahmed Abubakar, Maryam Maamun, a minor suing through her aunt and next friend Yusra Ahmed Abubakar, and Umma Salama Maamun, a minor suing through her mother and next friend Yusra Ahmed Abubakar...

✨ Key Highlights

Directline Assurance Company Limited is facing a liquidation petition at the High Court in Garissa, filed by three creditors. The matter is scheduled for a hearing on October 1, 2026.

  • The petition was presented to the court on July 27, 2026, by Yusra Ahmed Abubakar and two minors represented by her.
  • The notice invites any creditors or contributories to appear and support or oppose the liquidation application.
  • Details regarding the specific amounts owed or the grounds for the petition have not yet been disclosed.

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Absa Bank Kenya has announced a significant increase in its interim dividend payout by 150 percent to Sh0.5 per share, despite reporting a 10 percent decline in net profit for the first half of the year. In contrast, Family Bank has reported a significant 62 percent increase in its half-year profit after tax, reaching Sh3.7 billion for the period ending June 30, 2026. Meanwhile, Directline Assurance Company Limited is facing a liquidation petition at the High Court in Garissa, filed by three creditors, with the matter scheduled for a hearing on October 1, 2026.

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