Trading in Kenya Airways shares has been suspended for another year, the Nairobi Securities Exchange PLC said.
“The extension of suspension seeks to enable the company (to) complete its operational and corporate restructure process,” the Nairobi Securities Exchange said in a statement Wednesday.
— NSE PLC (@NSE_PLC) January 4, 2023
KQ shares were initially suspended from trading on NSE in July 2020 after Parliament began to review the National Management Aviation Bill 2020, which would lead to the establishment of Kenya Aviation Corporation. This holding company will house Kenya Airways, the National Aviation Council, and the Kenya Airports Authority.
The suspension was extended for nine more months in April 2021. Then, starting in January 2022, for a year.
The Kenyan government owns a 48.9 per cent stake in KQ, while Air France-KLM owns 7.8 per cent.
