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GAZETTE NOTICE NO. 3278

THE BANKING ACT

(Cap. 488)

ACT

IT IS notified for information of the general public that in exercise of the powers conferred by section 9 (1) and (5) of the Banking Act: (a) the Cabinet Secretary for the National Treasury and Planning, on the 8th April, 2020 approved the acquisition by subscription of 51 percent of the issued share capital of Mayfair Bank Limited by Commercial International Bank (Egypt) S.A.E. (b) the shareholders of Mayfair Bank Limited vide a resolution passed on the 25th October, 2019, approved the acquisition of 51 percent of the issued share capital of Mayfair Bank Limited by Commercial International Bank (Egypt) S.A.E as per the share subscription agreement dated the 7th November, 2019. (c) the shareholders of Commercial International Bank (Egypt) S.A.E vide a resolution passed on the 4th November, 2019 approved the acquisition of 51 percent of the issued share capital of Mayfair Bank Limited by Commercial International Bank (Egypt) S.A.E as per the share subscription agreement dated 7th November, 2019; and (d) the acquisition shall take effect on the 1st May, 2020. Dated the 23rd April, 2020. PATRICK NJOROGE, Governor, Central Bank of Kenya.

Dated the 7th November, 2020.

PATRICK NJOROGE,

Governor, Central Bank of Kenya.

Extracted Entities (1)

previous_gazette_ref

3278

Details

Act / Legislation: THE BANKING ACT
Reference: Cap. 488
Section: section 9 (1)
Signed By: PATRICK NJOROGE
Title: Governor, Central Bank of Kenya
Date Signed: 7th November 2020
Page: 1
Extraction Method: regex

Source Gazette

Vol. CXXII No. 76

Published 21st April 2020