Family Bank has set a listing price of KSh18per share ahead of its planned entry into the Nairobi Securities Exchange (NSE) Main Investment Market Segment.
In a statement on June 16, the NSE said the lender is scheduled to join the NSE on June 23, 2026, via a listing by introduction, marking a key step in its capital markets expansion.
“The lender will list 1.66 billion ordinary shares at a reference price of KES 18.00 per share, opening a new chapter in its corporate history and expanding investment opportunities for market participants,” read part of the statement.
Family Bank to Join NSE Main Market at KSh18 Per Share
The bank’s authorized and issued share capital comprises 2.3 billion ordinary shares, each valued at KSh1.00, for a total of KSh2.3 billion.
Under the listing plan, 1,662,654,760 ordinary shares will be introduced to the market at a reference price of KSh18.00 per share.
This also represents the bank’s total issued and fully paid-up shares, valued at KSh1.66 billion.
In line with listing requirements, 34.5 percent of the shares will be converted into electronic form and uploaded to the Central Depository & Settlement Corporation (CDSC) ahead of trading to facilitate smooth market transactions.
Also Read: Family Bank Appoints Receivers and Administrators of Three Firms
What Does It Mean For Kenyan Investors?
Investors will be able to buy Family Bank shares once trading begins on June 23, 2026, through licensed stockbrokers on the Nairobi Securities Exchange.
The share price will not be pre-fixed for trading; it will be determined by market supply and demand once trading opens.
Since the bank is listing by introduction, there will be no public offer, subscription process, or share allocation ballot. Investors will instead purchase shares directly from existing shareholders on the secondary market.
The listing does not involve the issuance of new shares or the raising of fresh capital, as no additional equity is being created.
Existing shareholders will be allowed to trade their holdings from the first day of listing, while new investors will gain entry through the open market.
Also Read: Two NSE-Listed Companies Announce Five Appointments in New Leadership Changes
How to Buy Shares on NSE
- Open a CDS Account
To start trading on the NSE, you must open a Central Depository System (CDS) account.
This account is managed by the Central Depository and Settlement Corporation (CDSC), which holds and transfers shares on behalf of investors.
- Select a Licensed Stockbroker
You cannot buy or sell shares directly on the NSE. You must use a licensed stockbroker who will help you open your CDS account and execute your trades on your behalf.
- Fund the account and trade
After opening the CDS account, investors deposit funds, choose securities, and place buy or sell orders through their broker.
Investors can either take a “buy” position (expecting prices to rise) or a “sell” position (expecting prices to fall). Returns can come from price changes or dividends paid by companies.
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