Family Bank Limited has taken a decisive step toward becoming a publicly traded company after shareholders approved its plan to list all issued ordinary shares on the Nairobi Securities Exchange (NSE) through a listing by introduction. The decision, made during an Extraordinary General Meeting (EGM) held on Monday, 27 October 2025, marks a significant milestone in the lender’s growth trajectory.
According to a statement signed by the bank’s Company Secretary and Chief Legal Officer, Eric K. Murai, the shareholders voted in favor of authorizing the board to pursue the listing process and undertake all necessary regulatory and operational procedures required to facilitate the admission of Family Bank’s shares to the Main Investment Market Segment of the NSE.
“That the Company be and is hereby authorized to apply for listing by way of introduction of all its issued ordinary shares on the Official List of the Nairobi Securities Exchange and to facilitate the admission of its shares to trading,” the resolution reads.
Listing by introduction allows an already established company to enter the stock market without raising new capital. For Family Bank, this strategy underscores confidence in its financial stability, market reputation, and readiness to comply with the transparency standards required of listed entities.
The bank’s board has been empowered to handle all procedural and compliance-related tasks; including preparing and submitting the necessary documentation and regulatory filings to ensure a smooth listing. The motion was proposed by Mr. John Waweru Wamburu and seconded by Mr. David Mwaniki, while the authorization for the board to execute the listing process was proposed by Mr. David Oduor Oluche and seconded by Mr. Wamburu.
“That the Board of Directors be and is hereby authorized to do all such things as may be necessary, desirable or incidental to the listing by introduction,” the resolution further stated.
Family Bank’s decision to go public through a listing by introduction is likely to enhance its corporate profile and attract institutional and retail investors eager for exposure to Kenya’s growing financial services sector. The move is also expected to improve liquidity for existing shareholders, offering them a formal market to trade their shares.
The Nairobi Securities Exchange has in recent years encouraged more local companies, particularly in banking and insurance, to list their shares as part of efforts to boost market capitalization and liquidity.
Family Bank’s move follows in the footsteps of other financial institutions such as Equity Bank, Co-operative Bank, KCB Bank, and Absa Bank Kenya, which are currently trading on the Nairobi Securities Exchange (NSE).
Under a listing by introduction, no new shares are issued, and existing shareholders retain their ownership stakes. The listing merely facilitates trading of the company’s existing shares on the exchange, allowing shareholders to realize the market value of their investments.
This approach is often chosen by well-capitalized companies with a stable shareholder base and strong earnings performance. It also eliminates the dilution of ownership that would typically occur in a traditional initial public offering (IPO).
The bank’s application will now move to the Capital Markets Authority (CMA) for approval before the shares can be officially listed and start trading on the NSE. The process involves detailed scrutiny of the bank’s financial statements, governance structures, and compliance with public disclosure requirements.
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