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Sasini shares soar after asset sale, targets Sh288m dividend payout

Nairobi Securities Exchange trading floor. Shares of listed tea and coffee grower Sasini rose by more than a tenth last week. [PHOTO:FILE/STANDARD]

Shares of listed tea and coffee grower Sasini rose by more than a tenth last week after the firm announced it had sold two of its estates that were consistently making losses.

Investor appetite for the stock of agricultural company majority owned by business mogul Naushad Merali was sparked by news of a Sh1 dividend a share following the disposal.

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