DAR ES SALAAM — NMB Bank Plc has completed a 1-for-10 share split aimed at making its shares more affordable and easier to trade, increasing the number of shares listed on the Dar es Salaam Stock Exchange (DSE) from 500 million to 5 billion.
The split was approved by the Capital Markets and Securities Authority (CMSA) on July 24, 2026. Under the arrangement, each existing NMB ordinary share was divided into 10 shares, while the overall value of shareholders’ holdings was not changed by the split itself.
NMB said the move is intended to improve the affordability and tradability of its shares and broaden participation by retail investors in Tanzania’s capital markets.
The post-split shares began trading on the DSE on August 24, following a two-day suspension that allowed NMB, the exchange and the Central Securities Depository and Registry Company (CSDR) to reconcile shareholder records and adjust accounts.
The bank had previously traded on a cum-split basis, with August 19 marking the final trading date before the adjustment. Trading was suspended on August 20 and 21, with August 21 serving as the record date for determining shareholder entitlements.
The increase from 500 million to 5 billion listed shares does not represent a new capital injection into NMB. Instead, it changes the number of shares into which existing ownership is divided.
For Tanzania’s capital market, the move is significant because NMB is one of the companies listed on the DSE and the bank’s decision specifically targets greater participation by smaller investors.
The split also lowers the nominal price of each individual share relative to the pre-split price, potentially making it easier for investors to purchase smaller numbers of shares. However, the split by itself does not alter the underlying value of the bank or the proportionate ownership of existing shareholders.
Investors who held NMB shares before the record date received the additional shares according to the 1-for-10 split arrangement. The bank said pending trading orders expired when trading was suspended and had to be resubmitted once trading resumed.
The initiative comes as Tanzania continues to develop participation in its domestic capital markets, with greater retail involvement offering one route to expanding the investor base beyond institutional investors.
NMB’s notice was issued with CMSA approval, with the bank’s Company Secretary Farija Ghikas signing the announcement on behalf of the board.
