Sasini PLC has an active plan (and agreement) to dispose of some land assets, specifically as part of its ongoing strategy to rationalize its portfolio, exit underperforming or non-core segments, and unlock value from land holdings. This aligns with historical disposals of non-core properties over the years.
The most recent and significant example is detailed in the company's FY2025 Annual Report (for the year ended September 30, 2025, released in early 2026):
On September 17, 2025, Sasini agreed to sell the Gulmarg Division within Mweiga Estates Limited (a coffee estate primarily in the Kiambu County area, often associated with Mweiga/Nyeri border regions).
Sale price: KSh 7.9 billion.
Carrying value of the assets: Approximately KSh 3.7 billion (dominated by freehold land and developments at ~KSh 3.68 billion), implying a substantial capital gain (~109% premium).
The unit has been reclassified as "held for sale" in the financial statements, with its operations treated as discontinued (it generated ~KSh 0.86 billion in revenue and a modest profit of ~KSh 10.6–11 million in FY2025, a turnaround from prior losses).
As of the report date, no payment had been received, and there are no related liabilities, meaning proceeds will largely boost liquidity for potential reinvestment, debt management, or shareholder benefits.
This transaction exceeds Sasini's market capitalization at the time (~KSh 4.6 billion), highlighting how the company's land assets trade at a deep discount on the NSE
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