Nairobi, June 16 -- Family Bank founder Titus Muya and his associates will be free to sell their shares in the lender without restrictions once the company lists on the Nairobi Securities Exchange (NSE) on Tuesday next week.

This is because the top owners were exempted from the customary lock-in period of two years that is partly aimed at reassuring prospective investors that insiders are not looking for a quick exit.

The exemption will allow Mr Muya and his family to dilute their shareholding, currently at a combined 35.6 percent, to the Central Bank of Kenya (CBK) regulatory cap of 25 percent.

Read: Muyas' Family Bank stake diluted to 34pc in rights issue

Compliance with the ownership limits is one of the key reasons for the bank's ...