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Equity Shareholders Approve KSh 21.7 Billion Dividend and Insurance Expansion
Equity Group Holdings Plc shareholders have approved all resolutions presented at the Group’s 22nd Annual General Meeting (AGM), including a higher dividend payout, expansion into the insurance sector, and key governance changes.
The virtual AGM saw shareholders endorse the Group’s audited financial statements for the year ended December 31, 2025, alongside the Chairman’s, Directors’, and Auditors’ reports.
The approvals reaffirm investor confidence in Equity’s strategy, governance, and long-term growth agenda.
Shareholders Approve Higher Dividend Payout
Investors approved a final dividend of KSh 21.7 billion, equivalent to KSh 5.75 per share, for the 2025 financial year.
The payout represents a 35.5 percent increase from the KSh 16.04 billion, or KSh 4.25 per share, distributed for the 2024 financial year.
Equity will pay the dividend on or around June 30, 2026, to shareholders who were on the register at the close of business on May 22, 2026.
Equity Group Chairman Prof. Isaac Macharia said the approvals demonstrate shareholders’ trust in the Group’s governance and strategic direction.
“The approvals received today reflect our shareholders’ confidence in Equity’s strategy and oversight. We remain committed to strong governance, prudent stewardship, and delivering sustainable value while strengthening resilience across our markets,” he said.
Equity Shareholders Approve KSh 21.7 Billion Dividend and Insurance Expansion
Equity Expands Into Insurance Markets
Shareholders also approved the creation of three new insurance subsidiaries through Equity Group Insurance Holdings Limited, subject to regulatory approvals.
The expansion includes a microinsurance company in Kenya with capital of KSh 192 million.
The Group will also establish two insurance businesses in the Democratic Republic of Congo: a life insurance company with capital of USD 12 million and a general insurance company with capital of USD 13.37 million.
The Board received authority to complete all necessary steps required to operationalise the new subsidiaries.
Equity Group Managing Director and CEO Dr. James Mwangi said the move will strengthen the Group’s integrated financial services offering across the region.
“Equity continues to pursue growth anchored on innovation, regional presence, and solutions that protect and advance livelihoods. Expanding our insurance footprint allows us to offer more comprehensive financial services that help customers manage risk, build resilience, and plan for the future,” he said.
Governance Changes Receive Approval
Shareholders approved all board-related resolutions presented during the AGM.
They re-elected Prof. Isaac Macharia, Mr. Jonas Mushosho, Dr. Evanson Baiya, and Mrs. Farida Khambata as directors of the company.
The meeting also approved the appointment of Dr. Eliane Ubalijoro as a director, subject to regulatory clearance.
In addition, shareholders appointed Ernst & Young as the Group’s external auditors until the conclusion of the next AGM.
Focus on Growth and Financial Inclusion
Following the approvals, Equity Group said it remains focused on advancing financial inclusion, strengthening governance, and supporting economic growth across its markets.
The Group continues to pursue its Africa Recovery and Resilience Plan (ARRP), which seeks to expand access to financial services, support enterprises, and create sustainable value for shareholders and communities across the region.
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