Kenya Commercial Bank (KCB) Group Plc on Monday announced the appointment of a new member to its board Rahime Mohamud Mohamed as a Non Executive Director.
In a disclosure, the company revealed the appointment followed green light from the Central Bank of Kenya (CBK) which approved the addition.
Mr Ahmed has extensive experience in finance/ Islamic Finance, infrastructure, commercial law and immigration law.
“The board is delighted to welcome Mr Rahime Mohamud Mohamed to the board of KCB Group Plc,” KCB Chief Executive Joshua Oigara said in a statement.
KCB
KCB recently announced a Ksh11.1 billion total dividend payout to shareholders for the 2019 financial year, keeping up with its tradition of reaping maximum returns for its shareholders ahead of a tough financial year.
Shareholders approved a final Ksh.2.50 dividend per ordinary share as recommended by the board at the lender’s Annual General Meeting (AGM) held on Thursday.
Due to the ongoing COVID-19 restrictions on public gatherings, KCB hosted a virtual AGM where shareholders got the opportunity to seek clarifications and ask questions regarding the company’s financial performance.
The payout brings to Ksh3.50 the total dividend for the year, taking into account an interim dividend of Ksh1.00 per share paid out last November.
The dividend will be paid on or before July 3, 2020 to shareholders on the register as of close of business on April 27, 2020.
KCB Group Chairman Andrew Wambari Kairu told shareholders that in spite of the tough business environment last year, the business continued to generate returns for its shareholders
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