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The multimillionaire Merali family holds a controlling stake of 65.46 percent in Sasini Tea, representing 168,856,800 ordinary shares in the group, presently valued at $25.78 million.
The Merali family, custodians of the late tycoon Naushad Merali’s estate, is the majority shareholder of Sameer Africa.
The Kenyatta family owns an impressive 13.2-percent stake in NCBA Group, or 217,497,023 ordinary shares.
NCBA Group is partially owned by some of Kenya’s richest families.
NCBA Group is a financial services conglomerate controlled by some of Kenya’s wealthiest families.
The El-Sewedy family owns a 68-percent stake in Elsewedy Electric.
The transaction’s value was not disclosed.
The Kenyatta family owns a 13.2-percent stake in NCBA Group.