KA - Kenya Airways

Apr 18, 2024 at 12:35 Twitter · Facebook

KA share price on Uganda Securities Exchange

Kenya Airways is a Kenyan aviation company first incorporated in 1977 as a wholly owned entity by the Government of Kenya following the collapse of East African Airways. The company was privatized first in 1995 when 26% of the shares of the company were sold to KLM Royal Dutch Airlines and then in 1996 involving an initial public offering of the company's shares in the biggest share offering in Kenya's history, which was oversubscribed by 82%.

Kenya Airway's shares have attained "blue chip" status on the Nairobi Stock Exchange owing to, among other factors, a high level of corporate disclosure, earnings growth, and the share's relatively high liquidity. The decision to cross list the airline's shares on the Uganda Securities Exchange was made as part of the company's strategy to be a major player in Africa.

Kenya Airways is listed on the Uganda Securities Exchange (USE) since March 28th, 2002. Kenya Airways is traded on the USE under the ticker symbol “KA”. The International Securities Identification Number (ISIN) of USE:KA is KE0009081084. Kenya Airways is currently the eighth most valuable stock on the USE with a market capitalization of UGX 625 billion, which makes about 3.15% of the Uganda Securities Exchange equity market.

Profile of Kenya Airways Limited

Kenya Airways Limited operates in the Industrials sector, specifically, the Aviation industry. Kenya Airways contracts an estimated total number of 3,582 employees. The company is led by Allan Kilavuka as its Group Managing Director & CEO. The company's board of directors, chaired by Michael Joseph (77), is composed of 13 members whose names are listed below.

1. Joseph, Michael
   Non-Executive Chairman
2. Kilavuka, Allan
   Group Managing Director & CEO
3. Thugge, Kamau (Dr.)
   Non-Executive Director
4. Veenstra, Jozef
   Non-Executive Director
5. Musyoka, Carol
   Non-Executive Director
6. Oduor-Otieno, Martin
   Non-Executive Director
7. Armstrong, Caroline
   Non-Executive Director
8. Koimett, Esther (Mrs.)
   Non-Executive Director
9. Kitungu, Solomon
   Non-Executive Director
10. Bodo, Nicholas
    Board Member
11. Gichangi, Michael (Maj-Gen. Rtd.)
    Independent Non-Executive Director
12. Ngumi, John
    Independent Non-Executive Director
13. Sirima, Haron (Dr.)
    Alternate for Dr. Thugge

KA Industrial Market Competitors

Kenya Airways Limited, issuers of the KA stock on the Uganda Securities Exchange, have one market competitor who is also engaged in the Industrials sector and/or Aviation industry. The table below presents an overview of their market standing.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange