The Alternative Investment Market Segment is designed for mid-cap companies in Kenya and the wider region. The segment is aimed at assisting companies’ access capital and offers a public platform to accelerate their growth and development.

Requirements to list on the Alternative Investment Market Segment;

StandardRequirement
Incorporation status  Issuer to be limited by shares and registered under the companies act.
Share capital Shall have a minimum authorized, issued and fully paid up ordinary share capital of Kshs.  20m. Firm must be in existence in the same line of business for a minimum of two years and demonstrate good growth potential.
Net assets  Net assets immediately before the public offering or listing of shares should not  be less than 20m.
Share transferability  Shares to be listed shall be freely transferable and not subject to any restrictions on marketability or any preemptive rights.
Availability and Reliability of Financial Records Have audited financial records, for period ending on a date not more than 4 months prior, for issuer not listed in the exchange and 6 months for issuers listed
Competence of directors and managementDirectors and Management must be ethical, not bankrupt, Not have any criminal proceedings. Must have suitable senior management with relevant experience for at least one year prior. Must not be in breach with any loan covenant particularly on debt capacity.
 Dividend policy N/A
Track record, profitability and future prospectsN/A
Working capital and solvencyIssuer shall not be insolvent, they must have adequate working capital.
Share and ownership structureFollowing the public share offering or immediately prior to listing in the case of an introduction, at least 20% of the shares must be held by not less than one hundred shareholders excluding employees of the issuer or family members of the controlling shareholders.
Certificate of comfort In case of listing outside the Kenyan jurisdiction obtain a cert of no objection from the foreign securities exchange and regulator.
Listed shares to be immobilized 
Nominated advisor

Listing Calculator

Companies on AIMS

  • Eaagands LTD
  • Kapcharua Tea Kenya PLC
  • The Limuru Tea Co. Plc Ord 20.00
  • Williamson Tea Kenya Plc
  • Deacons east Africa plc
  • Express kenya plc
  • Longhorn publishers plc
  • Trans century plc
  • Kenya orchards ltd