Kenya Pipeline Company (KPC) will hold its 46th Annual General Meeting virtually on 2nd December 2026 at 9:00 am, with Ownership, Board Changes and Dividends in focus. Under consideration during this meeting are several significant matters touching on ownership structure, board composition, corporate governance and shareholder returns.
Key highlights:
Ownership and board representation:
– Greenview Oil’s 24.9% shareholding comes with board nomination rights, following Dangote’s announcement of an approximately 25% acquisition.
– Five directors are due to retire.
– NSSF has lost its board nomination right.
– Independent directors will be appointed as part of the board changes.
 Dividend proposal:
Shareholders will vote on a proposed final dividend of KSh 5.79 billion, equivalent to KSh 0.32 per share. The proposed payment date is 8th January 2027 with Qualifying shareholders being those on the register as at 30th November 2026.
During the AGM, Auditing and remuneration fees will be discussed with KPMG proposed to replace the Auditor-General as auditor. KPC Shareholders will also consider the 2026 financial accounts and directors’ remuneration.
 Registration and proxy deadlines:
Shareholder registration and proxy submissions close at 10:00 am on 30th November 2026.
Investment perspective
This AGM is particularly important because it brings together three issues investors should watch: the evolving ownership structure, changes in board representation and the proposed dividend distribution.
Beyond the immediate dividend, the governance and ownership developments will be important in understanding KPC’s evolving corporate structure and strategic direction.
The Cabinet Secretary to the National Treasury exercised its reserved shareholder appointment rights and appointed Mrs. Faith Bett-Boinett, Samson Kipkemboi Burgei and Eng. Meshack Kidenda as Non-Executive Directors.
The Government of Uganda exercised its reserved shareholder nomination rights and appointed Dr. Ramathan Ggoobi and Eng. Irene Pauline Bateebe as Non-Executive Directors:
At the conclusion of this AGM, Hon. Joyce Emanikor, Mutungwa Wambua, Hon. Christopher Karani, Ms. Martha Miano and Ms. Irene Wachira will retire as Independent Non-Executive Directors of KPC.
CPA Ronald Nyamosi, who was nominated by National Social Security Fund (NSSF), has ceased to be a director, given that NSSF is no longer the largest institutional investor and is no longer entitled to nominate a director.
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