Kenya’s leading Shariah-compliant lender, Gulf African Bank has announced changes in its shareholding structure following the completion of acquisitions of significant stakes by Soren Investment Company and Auron Holdings.
Soren Investment acquired a 42.78% stake in Gulf African Bank from Al Salam Bank and Istithmar World Limited, while Auron Holdings acquired a 14.94% stake from the International Finance Corporation (IFC).
The transactions, which were approved by the relevant authorities, underscore confidence in both Gulf African Bank and Kenya’s banking industry, while marking a key milestone in the bank’s growth strategy.
Soren Investment and Auron Holdings join other shareholders in the bank, including Eastern and Southern African Trade and Development Bank, GulfCap FZC, Sheikh Abdullah Mohammed Al Romaizan, and other individual investors from Kenya and the Gulf.
Gulf African Bank FY2025 Performance
In the year ended December 31, 2025, Gulf African Bank’s profit after tax declined by 3.1% to KES 1.31 billion. Customer deposits grew by 13.6% to KES 40.7 billion, while total assets rose by 13.7% to KES 51.11 billion. Asset quality improved, with gross non-performing loans declining by 7.7% to KES 4.37 billion. The bank’s core capital climbed 16.6% to KES 9.51 billion, more than three times the minimum requirement by the Central Bank of Kenya (CBK) as of December 2025.
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