A Dutch airline is featured among the top ten shareholders of Kenya Airways, according to the latest shareholder report for the year ending December 31, 2024.
The report indicates that KLM – Koninklijke Luchtvaart Maatschappij (KLM) Royal Dutch Airlines holds 451,661,470 shares, representing 7.76% of the total shareholding in the national carrier.
“The ten largest shareholdings in the Company and the respective number of shares held as of December 31, 2024, are as follows.” The report states.
KLM, or Koninklijke Luchtvaart Maatschappij, is the national airline of the Netherlands, often referred to as Royal Dutch Airlines in English.
Founded in 1919, it is one of the world’s oldest airlines still operating under its original name.
KLM is a subsidiary of Air France-KLM and a member of the SkyTeam airline alliance. Its main hub is located at Amsterdam Airport Schiphol.
List Of Kenya Airways Shareholders
KLM operates both domestic and international flights, serving over 150 destinations worldwide, including flights to Kenya.
Its services destinations such as Nairobi (Jomo Kenyatta International Airport, NBO), Mombasa (Moi International Airport, MBA), and Eldoret (Eldoret International Airport, EDL).
In the shareholding report, the Government holds the majority of shares in the national carrier, with 48.90% of the total shareholding, amounting to 2,847,844,811 shares.
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Following the government is KQ Lenders Company 2017 Limited, which holds 38.09% of the shares, translating to 2,218,310,169 shares. KQ Lenders (2017) Limited was established by a consortium of Kenyan banks, which, as of FY2017, consisted of ten local banks: Equity Bank, KCB, Cooperative Bank, NBK, DTB, SBM, NCBA, NIC, I&M Bank, and Ecobank. They acquired this ownership by converting their loans into equity in support of the restructuring plan initiated in 2017.
Other Shareholders
Next in line is the Trustees of the Kenya Airways Employee Share Ownership Scheme 2018, holding 2.44% of the shares with 142,164,558 shares.
The Trustees of the Kenya Airways Employee Share Ownership Scheme (ESOP) 2018 manage a trust that holds shares allocated to employees of Kenya Airways as part of their compensation and incentive structure.
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This scheme was approved in 2017 and formally launched in 2018. Its primary purpose is to motivate and retain talent by aligning employee interests with company performance and to enhance productivity through ownership incentives.
Standard Chartered Nominees Ltd Non-Resident A/c follows the Trustees of the Kenya Airways Employee Share Ownership Scheme, holding 0.50% of the shares with 29,237,300 shares. 300 shares.
Other Shareholders Include:
| No. | Name of Shareholder | Number of Shares | % Shareholding |
| 1 | Kamau Mike Maina | 16,099,735 | 0.27% |
| 2 | Shah Tanna, Karishma Vijay Shah-Tanna | 3,435,900 | 0.06% |
| 3 | Galot International Limited | 2,652,370 | 0.05% |
| 4 | Benard, Peter Wainaina | 1,195,800 | 0.02% |
| 5 | Muhika, Peter Njenga | 1,102,400 | 0.02% |
| 6 | Other Shareholders | 110,198,108 | 1.89% |
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