Fintech Association Of Kenya on LinkedIn: Billionaire Kibunga Kimani buys Sh113 million Safaricom shares | 12 comments (2024)

How to Buy Safaricom Shares

Billionaire John Kibunga Kimani has increased his ownership in #telecommunications giant Safaricom by acquiring an additional 8.64 million shares, bringing his total to 27.7 million shares as of December 2023.This move #reflects a trend among investors who have been capitalizing on the stock's reduced price to expand their holdings. The #value of Kimani's new shares is estimated at Sh113.12 million, based on Safaricom's closing price of Sh13.10 per share.Kimani's increased stake solidifies his position as the second-largest individual shareholder in Safaricom within East Africa, trailing behind Chirag Menesh Solanki and Kalavati Menesh Solanki, who jointly hold 40.41 million shares. Despite the stock's decline in price, retail #investors have been #rebuilding their #positions in #Safaricom over the past two years, countering the trend of #profit-taking observed between the company's initial public offering in 2008 and 2019. The company's share price fell by 20.6 percent to Sh13.90 between June and December 2023, prompting #local #investors to bolster their #holdings while foreign corporate investors reduced their exposure to the stock. #investment #hakunamatatamediaStory: Business Daily

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How to Buy Safaricom Shares

How to Buy Safaricom Shares

How to Buy Safaricom Shares

How to Buy Safaricom Shares

“We are delighted that FCT will be included as a constituent of the STI, the benchmark index of the 30 largest listed companies on the Singapore Exchange. This is an important milestone in FCT’s growth journey and we are confident that this will further enhance FCT’s profile among the investors in Singapore and globally.” – Richard Ng, CEO of Frasers Centrepoint Asset Management Ltd. 🏆 Frasers Centrepoint Trust (#FCT), our suburban retail #SREIT will join The Straits Times Index (STI) on 18 March 2024. As one of the largest suburban retail mall owners in #Singapore, FCT has assets under management of approximately S$6.5 billion. The REIT was first listed in 2006 with a combined asset value of approximately S$915 million. This announcement follows on the success of FCT’s $200 million equity fundraising in January 2024, and the announced acquisition of the additional 24.5% interest in NEX.A globally-recognised benchmark index and market barometer, the STI tracks the performance of the top 30 companies listed on the Singapore Exchange (SGX Group). Read more at https://lnkd.in/gfwqccUw. #InspiringExperiences #CreatingPlacesForGood #RealEstate #FrasersProperty #FrasersCentrepointTrust #SREITs #REITs #Investors

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DBS is delighted to be the Sole Financial Adviser to Glory Mount (HK) Limited in the privatisation of Samson Holding, and joint lender in the club loan facility to Glory Mount (HK) Limited to fund a total scheme consideration of HK$422 million. Samson Holding has extensive experience in the furniture industry which dates back to 1995. Today, the company owns a portfolio of brands and manufactures furniture for homes, hotels and offices, and also provides procurement services in the U.S., China and other markets around the world. Samson Holding has been impacted by cyclical uncertainties in the U.S. home furnishing market, and the announced privatisation provides minority shareholders with liquidity and a premium exit strategy. This transaction adds to DBS’ Strategic Advisory track record in the consumer space, following its recent advisory in Thai Beverage’s proposed share swap, Southern Capital Group’s acquisition of RE&S Enterprises, and the general offer for Eu Yan Sang by Rohto Pharmaceutical and Mitsui & Co. Find out how DBS helps our clients transform their business and enhance shareholder value at https://lnkd.in/g6T6rwrH Tse-Wei Choe Eric Chen Tony Luo Wallace Lam#LeadingWithDBS #FinancialAdvisory #Privatisation #MergersAndAcquisitions

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Parkin Company, the leading provider of paid parking facilities and services in Dubai, has revealed plans to embark on an initial public offering (IPO) and subsequently list its ordinary shares (Shares) on the Dubai Financial Market (DFM). In a groundbreaking move, Parkin intends to offer 749,700,000 shares, each with a nominal value of AED 0.02, representing 24.99% of its total issued share capital. The offering will consist of existing shares held by the Dubai Investment Fund, the selling shareholder, who retains the right to adjust the offering size at their discretion before the end of the subscription period. Investors, including UAE Retail Investors and professional investors outside the United States, will have the opportunity to participate in the offering. The subscription period is slated to commence on March 5, 2024, and conclude on March 12, 2024, for UAE Retail Investors, with Qualified Investors having until March 13, 2024, to subscribe. Notably, the Internal Sharia Supervision Committee of Emirates NBD Bank PJSC has confirmed the offering’s compliance with Shariah principles, emphasizing the importance of due diligence for prospective investors. Read the full article >> https://lnkd.in/dzBH2sy3#LegalcommunityMENA #IPO

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𝐆𝐫𝐞𝐚𝐭 𝐄𝐚𝐬𝐭𝐞𝐫𝐧 𝐇𝐨𝐥𝐝𝐢𝐧𝐠𝐬 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 𝐚 𝐏𝐫𝐨𝐟𝐢𝐭 𝐨𝐟 $𝟕𝟕𝟒.𝟔 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐟𝐨𝐫 𝟐𝟎𝟐𝟑, 𝐖𝐢𝐭𝐡 𝐚 𝟐𝟕% 𝐘-𝐨-𝐘 𝐑𝐢𝐬𝐞This growth is attributed to favourable investment performance in its Singapore life business and shareholders fund.Read More: https://bityl.co/OO81#GreatEastern #businessprofit #profit #BusinessNews #news #NewsUpdate #newsdaily #businessnewsupdates #singaporenews #singaporebusiness #insightssuccess