Why CRDB investors want CEO to remain in office even after expiry of 10-year tenure
CRDB Bank shareholders applaud after approving a record dividend of Sh90 per share, representing a 38 percent increase compared with the Sh65 per share dividend declared in 2024. The approved dividend will result in a total payout of Sh235.1 billion, up from Sh169.8 billion distributed in the previous year. PHOTO | COURTESY
Arusha. Shareholders of CRDB Bank Plc have expressed a desire for Group Chief Executive Abdulmajid Nsekela to remain in office beyond the legally permitted 10-year tenure, citing strong financial performance, dividend growth and expansion under his leadership.
The call was made during the bank’s 31st Annual General Meeting in Arusha, where shareholders reviewed the institution’s performance and long-term strategy.
