Sanlam Kenya
chairman John
Simba with
company CEO
Patrick Tumbo
/HANDOUT
Immediately the listed nonbanking financial services company
Sanlam Kenya Plc announced a
rights issue, seeking to raise up to
Sh2.5 billion on Friday, the firm’s
share price at the Nairobi Securities
Exchange soared to a year high.
Capital market analysts expect
it to rise further as the issue awaits
opening in a fortnight following
regulatory approvals.
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