
The Shah family has gained control of over half of I&M Group through three investment vehicles, amassing Sh66 billion, despite public discussions focusing on Sh17.35 billion in 'paper wealth'. This development was highlighted during the listing of the bank's Medium Term Note, where Capital Markets Authority Director Daniel Warutere and Nairobi Securities Exchange CEO Frank Mwiti were present alongside I&M Group Executive Director Sarit Shah.
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