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Safaricom reveals CEO s stake in telco
Wednesday July 07 2021
By PATRICK ALUSHULA
Summary
The disclosure through the firm’s latest annual report means that Mr Ndegwa’s shares are currently valued at Sh37 million.
Mr Ndegwa joined Safaricom in April last year as the CEO, a position that requires the telco to disclose his ownership in the firm.
It is not clear if Mr Ndegwa bought the shares in the financial year ended March or held the stake ahead of his CEO appointment.
Safaricom #ticker:SCOM has disclosed that CEO Peter Ndegwa owns 895,500 shares in the telco, giving him the largest stake among the firm’s directors.