NCBA Group counts some of Kenya’s richest families, including the Kenyatta, Merali, and Ndegwa families, among its shareholders.
Merali family
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NCBA Group, which resulted from a momentous merger in 2019, is partially owned by the Kenyatta, Merali, and Ndegwa families.
- East Africa
Firm owned by Kenya’s Merali family to settle debts with $6.3-million land sale proceeds
The Merali family, overseeing the estate of the late tycoon Naushad Merali, commands a 74-percent stake in Sameer Africa.
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Despite the recent downturn in Sasini’s share price, the Kenyan Merali family remains one of the wealthiest families in the country.
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Billionaires.Africa has identified and monitored five prominent companies held by the Kenyan Merali family.
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With a 65.46-percent stake, Kenya’s Merali family holds the largest share in Sasini Tea.
- Hot News
Nairobi-based firm linked to Kenya’s Merali family sets sights on $6.3 million from land sale
The Merali family, custodians of the late tycoon Naushad Merali’s estate, is the majority shareholder of Sameer Africa.
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While the aggregate consideration remains undisclosed, the Naushad Merali family received a premium above the market price.
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The recent gain solidifies the Merali family’s position as one of the wealthiest families in East Africa.