This is the premium Board for large and well established companies in Kenya and the region. It hosts leading enterprises across a wide range of sectors in the economy.
Requirements to List of the Main Market Investment Segment
Standard | Requirement |
Incorporation status | Issuer to be a company limited by shares and registered under the companies act. |
Share capital | Have a minimum authorised, issued and paid up ordinary share capital of Kshs. 50 Million. |
Net assets | Net assets immediately before the public offering or listing of shares should not be less than Kshs. 100m. |
Share transferability | Shares to be listed shall be freely transferable and not subject to any restrictions on marketability or any preemptive rights. |
Competence of directors and management | Directors 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. |
Availability and Reliability of Financial Records | The issuer shall have audited financial statements complying with International Financial Reporting Standards (IFRS) for an accounting period ending on a date not more than four months prior to the proposed date of the offer or listing for issuers whose securities are not listed at the securities exchange, and six months for issuers whose securities are listed at the securities exchange. |
Dividend policy | Issuer must have a clear future dividend policy. |
Track Record, Profitability and Future Prospects | The issuer must have declared profits after tax attributable to shareholders in at least three of the last five completed accounting periods to the date of the offer |
Solvency and Adequacy of Working Capital | The issuer should not be insolvent The issuer should have adequate working capital. |
Share and ownership structure | At least 25% of share to be held by not less than 1000 shareholders excluding employees of the issuer. |
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 | N/A |
Nominated advisor | N/A |
Companies on MIMS
- Kakuzi plc
- Sasini plc
- Car and general (k) ltd
- Absa bank kenya plc
- Bk group plc
- Diamond trust bank ltd
- Equity group holdings
- HF Group plc
- I&M group plc
- KCB Group plc
- National bank of kenya ltd
- NCBA Group plc
- Standbic Holdings PLC
- Standard chartered bank kenya
- The cooperative bank of kenya
- Eveready east Africa ltd
- Kenya airways ltd
- Nation media group plc
- Sameer Africa plc
- Standard group plc
- TPS eastern Africa ltd
- Uchumi supermarket plc
- WPP scangroup plc
- ARM cement plc
- Bamburi cement ltd
- Crown paints kenya
- E.A Cables ltd
- EA Portland cement co ltd
- KenGen Co
- Kenya power & lighting co plc
- Kenya power & lighting plc 4% pref
- Kenya power & lighting plc 7% pref
- TotalEnergies Marketing Kenya
- Umeme ltd
- Britam holdings plc
- CIC Insurance group
- Jubilee Holdings ltd
- Kenya Re Insurance corporation ltd
- Liberty kenya holdings
- Sanlam kenya plc
- Centum investment co plc
- Olympia capital holdings ltd
- Nairobi securities exchange plc
- B.O.C kenya plc
- British American tobacco kenya plc
- Carbacid investments plc
- East African breweries plc
- Mumias sugar co ltd
- Unga group ltd
- Safaricom plc