The main shareholder(GOK) with 60%,is in distress of cash for referendum,budget 2021/2022 and general election 2022.They could be pushing to get this cash.
They pushed safaricom to declare an interim dividend.

https://www.businessdail...rastatals-money-3296618

Kenya Re is over-capitalized for the size of its business.
It is earning low returns on its cash (deposits, T-Bills).
The sale of the property is a matter for 2021.
The dividend is for FY2020.

BUT the IRA can block a dividend.

Properties investment is 31% of their total assets.
This is above the 30% limit.

You need to write to the MD! Or the Chairperson.

I support @ElephantMan 100%. Pay more in dividends. Or use the "billboard advertising" to reach out and support its clients/staff/brokers.

For a re-insurance company that has enjoyed the benefit of compulsory cessions from Gava (i.e. the taxpayer) since its inception, minority shareholders have very little to show other than tiny dividends and the odd bonus here or there (cutting my cake into smaller pieces, then trying to cheat me by saying that I now have more pieces of cake - nkt)!

Advertising on billboards is a pure 'procurement play' - no perceived benefit to Kenya-Re or its shareholders - benefit is to whichever billboard company that they are using. Board and MD are not in the know? Question of competence, if not integrity.

Their CSR (Niko fiti) is towards persons with physical disability. I have no quarrel with that - in fact I fully support it. I just need them to know that right now many of their shareholders are financially disabled!

The share price for this company has underperformed (on a PE basis) it's peers in the industry as well as the market as a whole for many years! So what is there to celebrate about being in business for 50 years?

GoK is suffering without money at the moment so this is the right time that Gava either divests from it or gives it out to 'professional' managers to run, given the paucity of returns from the current bunch at the trough.