By Daniel Kamau
Family Bank is set to list its shares on the Nairobi Securities Exchange (NSE) on June 23, 2026, after receiving formal approval from the Capital Markets Authority (CMA).
The mid-tier lender will list 1.66 billion shares by way of introduction, currently owned by 6,345 shareholders, meaning the bank will not raise additional capital through the listing.
The listing is expected to improve liquidity for existing shareholders and broaden investor participation in the lender moving forward.
The bank’s Managing Director, Nancy Njau, stated: “Our vision to positively transform the lives of people in Africa has remained unchanged, and this listing will expedite the realization of that vision.”
“With the approval, the bank will list on the NSE on June 23, reaffirming its commitment to deliver sustainable growth and marking the next step in the bank’s growth trajectory and long-term value creation journey,” she added.
Standard Investment Bank has been designated as the lead transaction adviser for the listing, while PricewaterhouseCoopers (PwC) is the reporting accountant. Mboya Wangong’u & Waiyaki Advocates are the legal advisers.
The move comes after approximately two decades of trading on the over-the-counter (OTC) market, allowing existing shareholders to trade on the NSE alongside other publicly listed firms.
In a private placement of ordinary shares conducted in 2025, the bank successfully raised Ksh. 8.004 billion against its Ksh. 6.09 billion target, achieving a 131% oversubscription rate.
The listing is expected to increase transparency around the bank’s ownership structure, where founder Titus K. Muya remains a significant shareholder.
The Kenya Tea Development Agency (KTDA) is the bank’s largest shareholder, with an 18.98% stake. Other shareholders collectively hold approximately 40.78% of the shareholding.
The debut will raise the number of listed banking counters on the NSE to 12, further strengthening the sector’s influence on the exchange.
