NSE suspends trading of Kenya Airways shares for three months - Beaking Kenya News

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Friday, 3 July 2020

NSE suspends trading of Kenya Airways shares for three months

Nairobi security exchange chief executive Geoffrey Odundo observing the daily tradings at the NSE headquarter

The Nairobi Securities Exchange has suspended the trading of Kenya Airways for three months following imminent corporate restructure and a government buy-out.

This follows the publication of National Management Aviation Bill 2020.

Its suspension was effected on July 3 and will remain in force for the next three months.

NSE said in a statement on Friday that Kenya Airways had applied for suspension of trading in its shares and closure of its register until the conclusion of its future is determined.

Its suspension was approved and issued by the Capital Markets Authority (CMA).

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