List of Top 10 Safaricom Shareholders as Stock Prices Register Positive Movement

On By Karl

  • Safaricom shares (SCOM) on the Nairobi Stock Exchange rose 11.3% in October 2024, following the previous decline in Q3
  • The stock closed at KSh16.50 on October 25 and showed strong short-term growth, rising 5.68% last week.
  • The ten largest shareholders, including Vodafone Kenya and the National Treasury, collectively hold most of the company’s 40 billion shares

TUKO.co.ke journalist Elijah Ntongai has more than three years of financial history. businessand technology research and reporting expertise providing insight into Kenyan and global trends.

safaricom Shares on the Nairobi Stock Exchange (SCOM) registered a positive trend after the decline in the third quarter of 2024.

Safaricom stock prices and largest shareholders.
Nairobi Securities Exchange (NSE) CEO Frank Mwiti (left) and Safaricom CEO Peter Ndegwa (right) speaking at past events. Photo: @SafaricomPLC/@NSE_PLC.
Source: Twitter

CONTENTS

SCOM stock prices began to rise in early October and were trading at KSh16.50 at market close on Friday, October 25, and at market open on Monday, October 28.

While the stock gained 5.68% in value last week, it increased by 11.30% last month and 10.93% in the last three months. This steady upward trend indicates positive short-term momentum.

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However, when viewed over a longer period of time, performance becomes mixed. Year-to-date, Safaricom’s shares are up 34%, reflecting a strong recovery.

However, it experienced a significant decline of 60.12 percent last year and is still below its three-year target of 41.64 percent. Despite these losses, five-year performance remains positive with an increase of 20.50%.

Safaricom published annual reports and financial year statements 2024 data showing the top 10 shareholders holding common stock and the corresponding number of shares held as of March 31, 2024.

In total, there are 535,806 shareholders holding a total of 40,065,428,000 shares across all categories, representing 100% of the company’s shares. Below is a list of the largest Safaricom shareholders and the number of common shares each holds:

  1. Vodafone Kenya Limited – 16,000,000,000 shares
  2. Treasury CS (on behalf of the government of Kenya) – 14,022,572,580 shares
  3. Kenya Commercial Bank Nominees Limited A/C 9158 Kenya – 345,582,886 shares
  4. Kenya Commercial Bank Nominees Limited A/C 1019D – 330,463,100 shares
  5. Standard Chartered Kenya Nominees Ltd A/C KE004467 – 303,523,306 shares
  6. Stanbic Nominees Limited A/C NR1031458 – 191,930,579 shares
  7. Standard Chartered Nominees Re5D A/C KE11401 – 189,350,850 shares
  8. Stanbic Nominees Limited A/C NR1030824 – 188,160,835 shares
  9. Stanbic Nominees Limited A/C R6631578 – 140,208,207 shares
  10. Co-op Bank Custody A/C 23000 – 139,201,200 shares
  11. Others – 8,214,434,309 shares

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The majority of shares are concentrated in the top tranche, where just two shareholders control 74.93% of the total shares.

Most shareholders own a relatively small number of shares; the largest group (351,490 shareholders) holds between 1 and 1,000 shares, accounting for only 0.52% of the total.

As the shareholding range increases, the number of shareholders decreases, but the percentage of total shares held increases.

Specifically, 185 shareholders hold between 10,000,001 and 100,000,000 shares, and they collectively own 11.72% of the company. Additionally, an even smaller group of 11 shareholders owns between 100,000,001 and 1,000,000,000 shares, representing 5.36% of the company’s total shareholding.

Top 20 Kenya Power shareholders

Previously, TUKO.co.ke It reported that the top 20 Kenya Energy shareholders: HE Kenya Power Its shares rose to their highest price in five years, closing at KSh 3.62 on September 23 and KSh 3.42 on September 27.

National Treasury remains the largest shareholder of Kenya Power, holding 50.09% of the total shares. Kenya Power has a total of 1,953,617,045 shares, with East African institutional shareholders holding the largest share at 64.64%.

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The share of the 20 largest shareholders is 64.46%. Kenya Power’s total shares, including major banks in the country.

Editing was done by Otukho Jackson, multimedia journalist and copy editor at TUKO.co.ke.

Source: TUKO.co.ke