Thanks to the surge in Britam shares, Mbaru’s stake in the Kenya-based diversified financial services group is worth Ksh748.8 million ($5.77 million).
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"Jimnah Mbaru"
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The conflict arises from a lawsuit filed by 25-year-old Elizabeth Nadupoi Kimiti, accusing Mbaru of neglecting his parental duties.
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As a non-executive director on Britam’s board, Mbaru holds a beneficial stake of 5.15 percent, comprising 130,000,000 shares in the company.
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As a non-executive director on Britam Holdings’ board, Mbaru holds a beneficial stake of 130,000,000 shares in the company.
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While Mbaru’s recent transaction has reduced his stake in Britam, he remains the company’s largest individual shareholder.
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Dyer & Blair, owned by Mbaru, has emerged triumphant in a $3.3-million legal battle against former KCB Director John Kung’u Kiarie.
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Mbaru holds a 7.72-percent stake in Britam Holdings.
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Mbaru owns a 7.72-percent stake in Britam Holdings.
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Mbaru owns a substantial 7.72-percent stake in Britam Holdings.
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Mbaru is one of Kenya’s wealthiest businessmen.
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