Shah family paper wealth doubles to Sh17.35bn on I&M Group share rally
Nairobi, July 1 -- I&M Group founder and director Suresh Raja Shah and his two sons have seen the value of their shares in the bank double to Sh17.35 billion following a 94 percent rally on the stock to an all-time high of Sh69.50 in the last one year.
Mr Raja Shah holds a stake of 10.06 percent in the bank in his name, equivalent to 174.9 million shares, which are now valued at Sh12.16 billion, up from Sh6.25 billion a year ago.
Mr Sarit Shah, who also serves as an executive director in I&M, has seen the value of his 37.6 million shares or 2.16 percent stake in the lender jump to Sh2.61 billion from Sh1.34 billion in June 2025.
The 2.14 percent stake held by his brother Sachit Shah, who serves as a non-executive director, is now value...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.