Trading in Kenya Airways Plc shares has officially resumed following the lifting of a suspension imposed by the Nairobi Securities Exchange (NSE).
The announcement, made in a public notice, highlighted that the shares were back on the market as of Sunday.
"The suspension on the trading of Kenya Airways PLC shares was lifted following the company's recent performance which saw the company record a profit after tax and the withdrawal of the National Aviation Management Bill 2020," read the NSE notice.
According to NSE, this pivotal move was authorised by the Capital Markets Authority (CMA) under section 11(3)(w) and Section 22A of the Capital Markets Act (Chapter 485A).
The securities exchange says the lifting of the suspension underscores the national carrier’s improved financial standing and strategic shifts in its operational framework.
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The NSE further advised, "All shareholders, investors and the general public are advised to take note of the lifting of the suspension in the trading of Kenya Airways Plc shares."
Kenya Airways has weathered a turbulent period, including financial instability and regulatory interventions.
For the first time in more than 10 years, Kenya Airways recorded a profit after tax for the first half of the 2024-2025 fiscal year in results announced by the national carrier in August.
KQ posted Sh513 million in net profit for H1 ending June 2024, a significant growth from a Sh21.7 billion loss posted in a similar period in 2023, the worst-ever half-year performance.
The airline credited the key improvement in performance to growth in revenues, which increased 22 per cent to Sh91.5 billion in the first six months, from Sh75.1 billion in 2023.
The withdrawal of the National Aviation Management Bill 2020, which sought to enhance state control of the airline, played a crucial role in paving the way for this market revival.
With trading resuming, analysts anticipate increased interest in KQ’s shares as stakeholders evaluate the airline’s recovery prospects.
This marks a critical juncture for Kenya Airways, as it aims to chart a new path toward sustainable growth and profitability.