(FAKL), also First Assurance Company Limited, is an insurance company in Kenya. It is a member of Barclays Africa Group.
(FAKL), additionally initial Assurance Company restricted, is AN underwriter in Kenya. it’s a member of Barclays continent cluster.
The company was based in 1930 as Prudential Assurance Company, later re-branding to its gift name. In 2015, Barclays continent cluster of South continent nonheritable sixty three.3 % property in FAKL for AN calculable KSh2.9 billion. the first shareholders received KSh2.2 billion and Barclays continent injected KSh700 million new capital into the business.
FAKL may be a key monetary services supplier in East continent. As at Gregorian calendar month 2014, the company’s total assets were valued at KSh seven.11 billion (approx. US$71 million), with shareholders’ equity valued at KSh2.162 billion (approx. US$21.6 million). In 2015, the corporate had 132 workers, with over fifty,000 policyholders normally, medical and cluster life assurance. The insurance company has 5 branches in Kenya; one branch every in Kisumu, Mombasa, and Nakuru; and 2 branches in Nairobi. It additionally has branches in Dar Es Salaam, Tanzania. In June 2014, the corporate was rated “A-, with Stable Outlook”, by world Credit Rating Company of South continent.
The shares of this companyare in camera command. The property within the stock of the corporate is illustrated within the table below:
First Assurance African nation restricted Stock possession
Rank Name of Owner Percentage possession
1 Barclays insurance Kenya 63.3
2 First Assurance Investment
3 Syndicate Nominees
List of banks in African nation
List of insurance corporations in African nation
Economy of African nation
-Mutegi, Mugambi (10 June 2015). “Barclays continent buys a stake in initial Assurance for Sh2.9 billion”. Business Daily continent. Nairobi. Retrieved 10 April 2016.
– CFM (7 Gregorian calendar month 2016). “Kenya: Barclays continent Completes initial Assurance Acquisition”. Nairobi: 98.4 Capital FM (CFM). Retrieved 10 April 2016. “Barclays continent says to amass 3-Kenya’s initial Assurance”. Reuters. June 10, 2015. FAKL (31 Gregorian calendar month 2014). “First Assurance Company Limited: Consolidated Statement of Comprehensive financial gain for the amount Ending thirty one Gregorian calendar month 2014” (PDF). initial Assurance African nation restricted (FAKL). Retrieved 10 April 2016 .4- GCRC (2 June 2014). “GCR affirms initial Assurance Company Limited’s rating of A-(KE); Outlook Stable”. Johannesburg: world Credit Rating Company (GCRC). Retrieved 10 April 2016.