Invest In Dangote Refinery Via Nairobi Exchange

Invest In Dangote Refinery Via Nairobi Exchange

Invest In Dangote Refinery Via Nairobi ExchangeKenyans can invest in the Dangote Petroleum Refinery through a $300.4 million Global Depositary Receipt (GDR) program listed on the Nairobi Securities Exchange (NSE). Key Details of the Offering • Transaction Size: Targeting about $300.4 million (roughly 39 billion Kenyan shillings). • Share / GDR Structure: Roughly 729 million Global Depositary Receipts are being offered, representing shares in the Lagos-based Dangote Petroleum Refinery. • Price per GDR: Priced at 53.50 Kenyan shillings per depositary receipt. • Key Dates: • IPO Closing Date: October 13, 2026. • Expected Allotment: Around November 12, 2026. • Trading Commencement: Expected to begin on the NSE in early December 2026 (roughly 15 business days after allotment). • Advisers and Custodians: Renaissance Capital serves as the lead adviser, and Stanbic Bank Kenya acts as the custodian. Context and Distinction • Regulatory Approval: The rollout follows approvals from the Capital Markets Authority (CMA) of Kenya and regulators in Uganda. • Separate from Local Kenyan Project: These depositary receipts represent ownership in the existing Lagos, Nigeria refinery and are not linked to the proposed separate refinery project planned for Kenya.



Kenyans can invest in the Dangote Petroleum Refinery through a $300.4 million Global Depositary Receipt (GDR) program listed on the Nairobi Securities Exchange (NSE). [1, 2]

Key Details of the Offering
Transaction Size: Targeting about $300.4 million (roughly 39 billion Kenyan shillings). [1]


Share / GDR Structure: Roughly 729 million Global Depositary Receipts are being offered, representing shares in the Lagos-based Dangote Petroleum Refinery.

Price per GDR: Priced at 53.50 Kenyan shillings per depositary receipt.


Key Dates:IPO Closing Date: October 13, 2026.
Expected Allotment: Around November 12, 2026.


Trading Commencement: Expected to begin on the NSE in early December 2026 (roughly 15 business days after allotment).


Advisers and Custodians: Renaissance Capital serves as the lead adviser, and Stanbic Bank Kenya acts as the custodian. [1]

Context and Distinction
Regulatory Approval: The rollout follows approvals from the Capital Markets Authority (CMA) of Kenya and regulators in Uganda.

Separate from Local Kenyan Project: These depositary receipts represent ownership in the existing Lagos, Nigeria refinery and are not linked to the proposed separate refinery project planned for Kenya.
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