× Digital News Videos Health & Science Opinion Education Columnists Cartoons Lifestyle Moi Cabinets Arts & Culture Ramadhan Special Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Britam owners appoint three new directors

NEWS
By Moses Omusolo | June 22nd 2019

Shareholders of Britam Holdings have approved the appointment of three new directors.

Mr George Odo, Ms Josephine Ossiya and Mr Christopher Minter have joined the firm’s board as non-executive directors following the endorsement by shareholders yesterday.

Britam Group Managing Director Benson Wairegi said the three new directors bring a wealth of expertise that will help drive growth across the markets where Britamoperates.

The company did not, however, recommend any dividend for the year ended December 31, 2018 due to a decline in performance. In 2017, it paid out Sh756.9m in dividends.

This was attributed to slow down in the stock market, depressed property market, impairment of Housing Finance investment and one-off restructuring cost.

The firm also re-elected Ms Caroline Kigen, Mr Mohamed Karama and Ms Marianne Loner as directors in the Holding company’s Board.

Wairegi said the Group performed well in its core business with growth of assets under management to Sh146.64b, a 14 percent rise from 2017.

Take a quick survey and help us improve our website!

Take a survey
Share this story
Six-star Sharks: Confederations Cup. Kenya’s representatives in pole after thrashing Djibouti opponents
Kariobangi Sharks dismantle Arta Solar in the debut in Africa and now head to Horn of Africa with their noses up.
I eagerly await my baby's first steps
Spina Bifida, and though rare in the general population, it is the most common neural tube defect in the world

.
RECOMMENDED NEWS

Feedback