as asked shareholders to approve its plan to list on the Nairobi bourse’s Growth and Enterprise Market Segment (GEMS) during its annual general meeting to be held on May 18 in Nairobi.

Cytonn, which says its real estate investment arm has over Sh82 billion worth of projects, had last September sought professional services to pave the way for listing at the counter.

Listing leads to creation of additional financing sources, enhanced visibility and credibility of the business and provides the resources a business needs to grow.

“Shareholders at the AGM shall be asked) to consider that the proposed listing by introduction of the company’s shares on the Growth and Enterprise Market Segment of the Nairobi Securities Exchange, be approved,” said Cytonn in the notice in local dailies on Friday.

“Shareholders shall also be asked to consider that the board of directors and all officers of the country be authorised to take all actions necessary to effect the listing including the preparation, execution and filing all the necessary applications, documents, forms and agreements with the Nairobi Securities Exchange,” Cytonn added.