NMB Bank Plc will implement a 1-for-10 share split next month after securing regulatory approval, a move expected to lower the entry cost for investors and improve trading liquidity on the Dar es Salaam Stock Exchange (DSE).
The Capital Markets and Securities Authority (CMSA) approved the exercise on July 24, 2026, allowing the bank to split each existing ordinary share into 10 ordinary shares.
The share split will reduce the nominal value of each share from TZS 500,000 to TZS 50,000, without affecting the overall value of shareholders' investments. Investors will receive 10 shares for every one share they currently hold.
The move is aimed at making NMB shares more affordable, increasing market liquidity and widening participation in the country's capital market, particularly among retail investors.
According to the implementation timetable, trading of NMB shares carrying the share split entitlement began on July 27, 2026.
Investors wishing to qualify for the share split must purchase their shares by August 19, 2026, the final day of trading with entitlement.
Trading in NMB shares will be temporarily suspended from August 20 to August 21, 2026, to allow the Central Securities Depository Registry (CSDR), the DSE and the bank to update shareholder records.
The shareholder register will close on August 21, 2026, before the share split is officially implemented on August 24, 2026. Trading will resume on the same day under the new share structure.
During the suspension period, investors will not be able to buy or sell NMB shares on the DSE or through digital trading platforms.
However, they will continue to access their shareholder accounts, with updated balances reflecting the new shareholding once the process is completed.
The announcement, signed by Company Secretary Farija Ghikas, advises shareholders, investors and market participants to observe the implementation schedule to ensure a smooth transition.
A share split increases the number of shares in issue while proportionally reducing the price per share, leaving the company's market value and shareholders' total investment unchanged.
The exercise is commonly used by listed companies to improve share affordability and enhance trading activity.
