Flame Tree Group Chairman George Theobald said the new shares will trade at Sh8 per share.
Founded in 1989, this is the first local manufacturer to list on GEMS.
“Flame Tree Group is an attractive stock because of its wide range of products under the plastics, cosmetics and food processing lines of business. This diversification of the group’s product portfolio helps stabilise its revenues and reduce dependency on one industry,” Theobald said.
Flame Tree Group is a Pan-African business with manufacturing presence in six countries including Kenya, Ethiopia, Mozambique, Rwanda, Mauritius and Dubai... Read More