KenolKobil respite in Sh32m row with ex-landlord

KenolKobil shares surged to a one-month high following the settlement of protracted disputes with the energy sector regulator. 

Photo credit: File | Nation Media Group

Oil marketer KenolKobil got a reprieve after a court suspended the execution of a judgment where it was ordered to pay over Sh32 million to its former landlord, Canarian Holdings Ltd.

The suspension however comes with conditions, including a demand that the oil marketer deposits the whole decretal amount as of the date of judgement in an interest-earning account in the names of advocates of both parties.

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