NMB OPENS DOOR TO NEW INVESTORS AS SHAREHOLDERS ENDORSE SHARE SPLIT AND REGIONAL EXPANSION PLAN

NMB Bank PLC Board Chairman, David Nchimbi (centre), and the bank’s Managing Director and Chief Executive Officer, Ruth Zaipuna (second left), display the Annual Report during the bank’s 26th Annual General Meeting held in Dar es Salaam. The report highlights the strong 2025 performance that enabled shareholders to approve a record dividend and strategic growth resolutions. Left is Juma Kimori, Chief Finance Officer; second right is Farija Pendo Ghikas, Director of Legal & Company Secretary; and right is Innocent Yonazi, Director of Investor Relations, Sustainability and Corporate Communications.

Dar es Salaam, June 10, 2026 — Shareholders of NMB Bank have approved a landmark package of strategic resolutions, including a 10-for-1 share split and an ambitious regional expansion strategy, paving the way for the bank's next phase of growth under its Agenda 2030 vision.

The resolutions were endorsed during the bank's 26th Annual General Meeting (AGM) held in Dar es Salaam, where shareholders also approved plans that will give NMB greater flexibility to establish subsidiaries, pursue acquisitions and expand beyond Tanzania's borders.

The decisions mark a significant milestone in the bank's evolution from a leading domestic financial institution into a regional financial services group while simultaneously broadening opportunities for ordinary Tanzanians to participate in its ownership.

Share Split to Broaden Ownership

Speaking to journalists after the AGM, NMB Board Chairman David Nchimbi said shareholders overwhelmingly approved a 10-for-1 share subdivision aimed at making the bank's stock more affordable and accessible to a wider range of investors.

According to Mr Nchimbi, NMB's shares had become the most expensive among listed banking stocks in Tanzania and among the highest-priced banking shares in the region, limiting participation by many retail investors.

"Our shares were the most expensive among listed banking stocks, making them less affordable to ordinary citizens and many prospective investors. The share split is intended to democratise ownership and deepen participation in the capital markets," Mr Nchimbi said.

The share split will increase the number of issued shares from approximately 500 million to five billion while proportionately reducing the price per share. Importantly, the move will not alter the overall value of shareholders' investments or dilute existing ownership.

Based on the market price of around TZS 15,000 per share at the time of the AGM, the subdivision would reduce the trading price to approximately TZS 1,500 per share once implemented, significantly lowering the entry barrier for prospective investors.

Industry analysts view stock splits as an effective mechanism for improving market liquidity and enhancing accessibility, particularly for retail investors seeking exposure to high-performing listed companies.

Regional Expansion Strategy Approved

In another major development, shareholders approved resolutions authorising the bank to establish subsidiaries, undertake acquisitions and pursue regional expansion opportunities.

Mr Nchimbi described the approval as a critical step in enabling management to execute NMB's long-term growth agenda and diversify its operations beyond the Tanzanian market.

He noted that the bank's initial expansion efforts would focus on neighbouring markets, particularly within the Southern African Development Community (SADC), where NMB believes it can leverage its strong operational track record and banking expertise.

The move reflects growing confidence in the bank's ability to compete regionally following years of consistent financial performance and market leadership in Tanzania.

DRC Among Markets Under Consideration

Earlier, NMB Managing Director and Chief Executive Officer Ruth Zaipuna informed shareholders that the Democratic Republic of Congo (DRC) is among the markets being evaluated as part of the bank's regional growth strategy.

However, she emphasised that implementation of the AGM-approved resolutions will be subject to obtaining all required regulatory approvals from relevant authorities.

These include approvals from banking regulators, competition authorities and, in the case of the share split, the Capital Markets and Securities Authority (CMSA).

"The share split is long overdue and has come at the right time. Its ultimate objective is to make NMB shares affordable to a much larger segment of the population and encourage broader participation in wealth creation through share ownership," Ms Zaipuna said.

Record Dividend Rewards Shareholders

The AGM also approved a record dividend payout of TZS 305 billion, making it the largest dividend distribution ever made by a financial institution in Tanzania.

Shareholders will receive a total dividend of TZS 610.15 per share, representing a 42 percent increase compared to the TZS 428.85 per share distributed for the 2024 financial year.

"The approved dividend comprises an ordinary dividend of TZS 504.26 per share and a special dividend of TZS 105.89 per share. The special dividend recognises the value created for shareholders during the Bank's 2021 to 2025 Medium-Term Plan (MTP)," Ms Zaipuna told shareholders.

The record payout underscores NMB's strong financial performance and commitment to delivering sustainable returns to shareholders while maintaining sufficient capital to support future growth initiatives.

Positioning for Agenda 2030

The AGM resolutions signal the beginning of a transformative chapter for NMB as it positions itself for accelerated growth under its Agenda 2030 roadmap.

By lowering the cost of entry for investors, expanding its regional ambitions and rewarding shareholders with a record dividend, the bank is laying the foundation for broader ownership participation and long-term value creation.

For investors and market participants alike, the resolutions represent one of the most significant developments in Tanzania's banking and capital markets sector in recent years, reinforcing NMB's position as one of the country's most influential financial institutions.