The Nairobi Securities Exchange (NSE) is fine-tuning details on the transfer of nine companies listed on the Alternative Investment Market Segment to either the Main Investment Market Segment or the SME market.
The process expected to be completed in by December 31 will see companies that fail to meet the minimum criteria for the premier trading platform, such as solvency with sufficient working capital, total assets of at least Ksh1 billion ($7.75 million) and minimum issued and fully paid-up ordinary share capital of Ksh50 million ($387,596.89) downgraded to the Small and Medium-sized Enterprises market.
