Nairobi, May 30 -- Express Kenya plans to raise additional capital from existing investors by selling 50 million new shares at a price the company says will be disclosed at a later date.

The pricing of the shares will determine how much the company will be raising. Express Kenya's share price closed at Sh7.18 on Friday, implying a value of Sh359 million for the rights issue shares.

The company may, however, opt to price the rights issue at a discount to the market price to entice uptake of the offer by shareholders.

Express Kenya, a struggling logistics firm that is venturing into real estate development, has relied heavily on loans from some of its directors including Hector Diniz, amid years of losses.

"On 28 May 2026 the directors ...