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Billionaire businessman Jimnah Mbaru has moved Britam shares worth more than half a billion shillings, marking the second time that the wealthy investor has traded a significant stake of the financial services group’s stock.
Mbaru moves Britam shares worth Sh580 million
The latest shareholding filings show that Mr Mbaru moved 19.9 million Britam shares in December, cutting his stake to 10.2 per cent from the previous 11.59 per cent.
The shares are worth Sh580 million based on the company’s share price of Sh29 in Tuesday’s trading.