Nairobi, May 14 -- Media mogul SK Macharia has suffered a legal setback after the High Court upheld an arbitration decision confirming him as a minority shareholder at Directline Assurance Company.

Mr Macharia had been embroiled in a protracted dispute over the company's shareholding, with rivals accusing him of unlawfully taking control while the matter was pending in court.

The dispute was later referred to arbitration, and in January 2022, the arbitrator ruled that Macharia's rivals were the majority shareholders, holding 90.336 percent of the company's shares, while the Royal Media Services owner held 9.66 percent.

Read: SK Macharia ignores IRA, fires Directline CEO

The arbitrator also found that Mr Macharia and his group had unla...