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The Merali family’s equity holding in Sasini Tea has increased significantly due to a rise in the company’s share price on the Nairobi Securities Exchange (NSE).
Since March 15, the market value of the Merali family’s stake in Sasini Tea has increased by Ksh244.84 million ($1.87 million), indicating investors’ continued interest in the firm.
Sasini Tea, a well-known Kenyan agribusiness, farms and processes tea, coffee, avocado, and macadamia nuts around the country. The company also specializes in value-added manufacture for both domestic and international markets.
Sasini Tea’s dedication to quality, sustainable practices, and strategic expansion efforts has established it as a market leader in Kenya’s agriculture sector. The organization continues to provide value to its stakeholders while also positively impacting the environment and community.
The multimillionaire Merali family owns a controlling 65.46 percent ownership in Sasini Tea, which represents 168,856,800 ordinary shares valued at $25.78 million.
Sasini’s shares on the Nairobi Securities Exchange have increased by 7.82 percent in the last 15 days. The major agricultural group’s securities are currently trading at Ksh20 ($0.1527), up from Ksh18.55 ($0.1416) on March 12.
Over the last two weeks, the Merali family’s stake in Sasini increased by Ksh244.84 million ($1.87 million) due to a rise in share price.
The value of their investment has increased from Ksh3.13 billion ($23.91 million) on March 12th to Ksh3.38 billion ($25.78 million) at the time of writing.
This increase not only reinforces the Merali family’s position as a big NSE investor, but also confirms their standing as one of Kenya’s wealthiest families.
