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Gideon Muriuki’s increased stake in CIC Group, alongside his 1.75 percent stake in Co-op Bank, solidifies his position among the wealthiest investors on the Nairobi Securities Exchange.
Gideon Muriuki, a leading Kenyan tycoon, and the CEO of Co-op Bank, holds the largest individual stake in CIC Group at 5.27 percent, representing 137,824,304 shares,
The market value of his stake has increased from $2.61 million to $3.74 million between June 30 and Aug. 12.
The leading Kenyan insurance group is partially owned by Co-operative Bank of Kenya.