Sasini Shares Jump 59% on KSh 7.9bn Land Sale
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Feb 16, 2026
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Harry Njuguna
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The Kenyan Wall Street
The Kenyan Wall Street
Sasini shares rallied nearly 60% after its annual report disclosed an agreed KSh 7.9 billion asset sale in Kiambu, implying a disposal gain of about KSh 4.1Bn.
Key Takeaways
- Sasini shares surged 59% in six trading sessions, reaching KSh 32.00, following the disclosure of an agreed KSh 7.9 billion land sale.
- The KSh 7.9 billion sale of Gulmarg Division significantly exceeds its KSh 3.78 billion book value and Sasini's KSh 7.06 billion market capitalization.
- The substantial gross gain of KSh 4.1 billion has fueled investor speculation about a potential special dividend, despite the company's irregular dividend history.
- As of September 30, 2025, the sales proceeds for the land had not been realized, and details regarding the buyer, completion timing, or intended use of funds remain undisclosed.
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