Kenyan firm HF Group gains CMA approval for a KES 6 billion rights issue to fund its five-year plan for full-service banking.

HF Group, a Kenyan firm, has gained approval from the Capital Markets Authority to raise KES 6 billion ($50 million) through a rights issue. This initiative is part of a five-year plan to become a full-service banking institution. The offer will provide up to 1.499 billion new shares at KES 4 each, listed on the Nairobi Securities Exchange. The rights issue opens on November 12, 2024, and closes December 9, 2024, with a registration deadline of November 1, 2024.

October 27, 2024
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