NMB Bank Announces 1:10 Share Split, Increasing DSE-Listed Shares to 5 Billion

NMB Bank Plc has announced a 1:10 share split that will increase its ordinary shares listed on the Dar es Salaam Stock Exchange (DSE) from 500 million to 5 billion shares as the lender seeks to improve share affordability and trading activity.

The share split was approved by the Capital Markets and Securities Authority (CMSA) on 24 July 2026 under the Capital Markets and Securities Act (Chapter 79 of the Laws of Tanzania).

Under the approved arrangement, each existing issued and paid-up share of NMB Bank will be subdivided into 10 ordinary shares. The adjustment will increase the number of outstanding shares held by investors while maintaining the value of their holdings.

NMB Bank said the share split is intended to improve the affordability and tradability of its shares and broaden retail participation in Tanzania’s capital markets.

At the current market price of TZS 16,750 per share, the theoretical reference price after the split would be approximately TZS 1,675 per share, based on the 10-for-1 adjustment.

NMB Bank Share Split Key Dates

NMB Bank outlined the following timeline for implementation of the share split:

• Public announcement: Monday, 27 July 2026
• Start of cum-split trading: Monday, 27 July 2026
• Last cum-split trading date: Wednesday, 19 August 2026
• Trading suspension period: Thursday, 20 August 2026 to Friday, 21 August 2026
• Record date: Friday, 21 August 2026
• Shareholder register adjustment: Friday, 21 August 2026 to Sunday, 23 August 2026
• Effective date: Monday, 24 August 2026
• Commencement of post-split trading: Monday, 24 August 2026

Trading Suspension Ahead of Share Adjustment

Trading in NMB Bank shares on the DSE will be suspended after the close of market on Wednesday, 19 August 2026 and will resume on Monday, 24 August 2026.

The suspension will allow NMB Bank, the Dar es Salaam Stock Exchange, and the Central Securities Depository and Registry Company Limited (CSDR) to reconcile shareholder records and adjust investor accounts from one share to ten shares.

NMB Bank said all pending orders will automatically expire at the beginning of the trading suspension period. Investors wishing to maintain their orders will be required to submit new orders through licensed dealing members or mobile trading platforms once trading resumes.

The opening reference price on Monday, 24 August 2026, will be determined according to applicable market rules governing share splits.

The bank advised shareholders, market participants, investors, and the general public to take note of the implementation dates and trading arrangements.

For further clarification, NMB Bank directed inquiries through its customer channels via email at tuambie@nmbbank.co.tz or phone number 0800 002 002.