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Co-op Bank shareholders ratify 90 per cent acquisition of kingdom Bank

Co-operative Bank CEO Gideon Muriuki.

Nairobi, Kenya: The shareholders of the Co-operative Bank Group at their 12th Annual General Meeting (AGM) held virtually ratified a dividend of Sh1.00 per share.

Following the regulatory guidance by the Capital Markets Authority (CMA), year 2019 dividend amounting to a total cash payment of Sh5.9 billion was paid out in April this year. Co-op Holdings Co-operative Society, the 64.5% strategic shareholder received a dividend of Sh3.79 Billion.

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