Safaricom Announces KSh 34.5 Offer Per Absa Group Share to Kenyans Who Used Ziidi Trader
Safaricom has announced a share buyback offer for Absa Group shares at KSh 34.50 per share for users of its Ziidi Trader platform. Participation is voluntary, and shareholders have until August 11, 2026, to decide whether to sell their holdings.
Why it matters
This provides liquidity to retail investors and reflects corporate financial strategy regarding share valuation.
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Elijah Ntongai is an experienced editor at TUKO.co.ke, with more than four years in financial, business, labour and technology research and reporting. His work provides valuable insights into Kenyan, African, and global trends.
Absa Group has launched a share buyback programme, offering to repurchase shares from existing shareholders at KSh 34.50 per share, with a deadline of 11th August 2026 at 5:00 PM.
Safaricom Announces KSh 34.5 Offer Per Absa Group Share to Kenyans Who Used Ziidi Trader Source: UGC Safaricom PLC announced the offer via its official account, informing shareholders that they could choose to sell their Absa shares back to the company or continue holding them, with the decision left entirely to each individual investor.
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