Family Bank gets CMA approval for NSE listing by introduction

Family Bank has received approval from the Capital Markets Authority (CMA) to list at the Nairobi Securities Exchange (NSE) by way of introduction. This will allow the company’s shares to be traded at the NSE without issuing an initial public offering (IPO) or raising new capital from the public, also enabling existing shareholders to trade their shares on the bourse. The lender says the move is aimed at broadening investor participation by allowing other investors to trade the bank’s shares in an efficient way.