Kenya: Bank Nets Sh2.3bn in Shares

28 December 2006

Nairobi — Diamond Trust Bank Kenya has received applications worth Sh 2.3 billion for rights issue, surpassing the target by Sh 1.53 billion, the chairman, Mr Mahmood Manji, said yesterday.

The bank had offered 15.5 million rights to shareholders at Sh50, to raise Sh 776 million for expansion.

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