Get breaking business news on WhatsApp
The KPC AGM on 2 December 2026 will reshape the Kenya Pipeline Company board, with new 24.9% shareholder Greenview Oil Trading Corp. now entitled to nominate a director and the National Social Security Fund (NSSF) losing the seat it held. Five directors appointed to fill casual vacancies will also retire at the end of the meeting, according to the notice of the 46th Annual General Meeting signed by Company Secretary Flora Okoth on 11 November 2026.
Kenya Pipeline Company PLC said the meeting will be held electronically from 9am. The KPC AGM is the first since the company listed on the Nairobi Securities Exchange (NSE), and shareholders will vote on the dividend, new independent directors and a change of auditor.
On this page
What the KPC AGM notice says about Greenview Oil
Item 2.3.6 of the notice asks shareholders “to note that Greenview Oil Trading Corp. bought 24.9 % of the issued share capital of the Company through the secondary market, and is entitled to nominate a director to the Board.”
The KPC AGM notice does not name the owners of Greenview Oil or the person it will nominate. A block of about a quarter of KPC’s shares changed hands in October, a deal covered in our report on KPC shares and the Dangote stake, and the political row that followed is in our story on Ruto’s response to KPC sale critics.
NSSF loses its seat on the KPC board
The notice says CPA Ronald Nyamosi, who was nominated by NSSF under Article 24(7) of the company’s Articles of Association, “has ceased to be a director, given that NSSF is no longer the largest institutional investor and is no longer entitled to nominate a director.”
Under item 2.3.3, five directors appointed by the board to fill casual vacancies will retire when the KPC AGM ends: Joyce Emanikor, Mutungwa Wambua, Christopher Karani, Martha Miano and Irene Wachira.
At the KPC AGM, shareholders will also be asked to appoint independent non-executive directors under the Capital Markets Authority rules for listed companies. KPC said the names and profiles of the nominees will be posted on its AGM portal “at the earliest opportunity and prior to the Annual General Meeting.” Members of the Board Audit and Risk Committee will be appointed the same way.
Who keeps their seats
The notice lists directors who stay on. The Cabinet Secretary for the National Treasury used reserved shareholder rights to appoint Faith Bett-Boinett, Samson Kipkemboi Burgei and Meshack Kidenda. The Government of Uganda used its reserved rights to appoint Dr Ramathan Ggoobi and Irene Pauline Bateebe. These five are not subject to retirement by rotation at the first AGM after listing.
KPC dividend and new auditor
Shareholders at the KPC AGM will vote on a first and final dividend of KSh 5,790,963,417 (about USD 44.6 million at the Central Bank of Kenya rate of KSh 129.96), equal to 50% of profit after tax for the year to 30 June 2026. That is KSh 0.32 a share, payable on or about 8 January 2027 to shareholders on the register at the close of business on 30 November 2026. The full-year numbers are in our report on KPC’s FY2026 profit and dividend.
The meeting will also be asked to appoint KPMG Kenya as auditor in place of the Office of the Auditor General, whose term ends at this meeting. Other upcoming payouts are listed in our NSE dividend calendar, and new investors can read how to buy shares on the NSE before the 30 November register date.
Frequently asked questions
When is the KPC AGM?
The 46th AGM of Kenya Pipeline Company PLC will be held electronically on 2 December 2026 from 9am.
Who is Greenview Oil Trading Corp?
The AGM notice says Greenview Oil Trading Corp. bought 24.9% of KPC through the secondary market and can nominate a director. It does not name Greenview’s owners.
Why is NSSF losing its KPC board seat?
KPC says NSSF is no longer its largest institutional investor, so it can no longer nominate a director under Article 24(7).
What dividend will KPC pay?
KSh 0.32 a share, a total of about KSh 5.79 billion, payable on or about 8 January 2027 to shareholders registered by 30 November 2026.
Prefer WhatsApp? Follow Business Radar on WhatsApp
We will email you a weekly money and business brief. We store your email (and your name, if you give one) for that purpose, under the Kenya Data Protection Act, 2019. You can unsubscribe at any time. Privacy policy.
