Nairobi, March 27 -- I&M Group was paid a dividend of Sh457.6 million by its Mauritius subsidiary Bank One in November 2022 following the improved financial performance of the unit in the period.

Bank One, which is owned on a 50/50 basis by the Nairobi Securities Exchange (NSE -listed firm and Mauritian conglomerate CIEL Limited, said that it distributed a total of 320 million Mauritian rupees (Sh915.2 million at present exchange rates) to its owners in the payout.

This equated to a payout of 21.97 rupees (Sh62.83) per share.

"Pursuant to the board meeting held on September 7, 2022, a final dividend of MUR320 million (MUR21.97 per share) was approved for distribution as a dividend to shareholders and was paid in November 2022, out of r...