Kenyan tycoon Suresh Bhagwanji Shah gains nearly $7 million from I&M stake
Over the past 41 days, I&M shares have experienced a notable upturn, resulting in an increase of Ksh919.35 million ($6.97 million) in the market value of Shah’s holdings.
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Over the past 41 days, I&M shares have experienced a notable upturn, resulting in an increase of Ksh919.35 million ($6.97 million) in the market value of Shah’s holdings.
The newly unveiled branches bring the total I&M Group branch network to 93 in the region. Out of these, 49 are strategically positioned throughout Kenya.
Shah is credited with transforming I&M into one of East Africa’s leading banking groups.
Shah is a top figure in Kenya’s banking industry. He is renowned for founding I&M Group.
Shah owns a beneficial 10.98-percent stake in I&M Bank Group, translating to 178,514,362 ordinary shares.
This $1.13-million increase solidifies Shah’s position as one of the richest investors on the Nairobi Securities Exchange.
The $1.45-million increase solidifies Shah’s position as one of the richest investors on the Nairobi Securities Exchange.
Shah holds a beneficial stake of 10.98 percent, consolidating his position as a major stakeholder in the company.
I&M Bank Group is a prominent financial services conglomerate founded by Shah.
Since its founding in 1974, I&M has grown into one of the leading financial services groups in East Africa.
Shah is the founder of I&M Holdings.
The transaction’s value was not disclosed.
Since its founding by Shah in 1974, I&M Group has expanded its operations to other East African countries.
NASIRA is a financial program that assists young, female, migrant, and COVID-19-affected entrepreneurs.
Shah built I&M Group into East Africa’s leading commercial banking organization.
Shah owns a beneficial 10.98-percent stake in the company.