HF Group gets CMA nod to raise to Sh6 billion via rights issue

HF Group branch along Kenyatta Avenue in Nairobi. [File, Standard]

Listed firm HF Group has received regulatory approval from the Capital Markets Authority (CMA) to raise Sh6 billion through a rights issue.

Chief executive Robert Kibaara said the capital raise is a cornerstone of the firm's five-year strategy, aimed at evolving into a full-service banking institution and a fully diversified financial entity.