GAZETTE NOTICE NO. 7333

TAKE NOTICE that in accordance with section 60 of the Kenya Deposit Insurance Act Chapter 487C of the Laws of Kenya, I, the undersigned Liquidator of the above-mentioned company Ari Bank Corporation Ltd (in Liquidation), intends to apply to the High Court for an order to terminate the liquidation and to wind-up Ari Bank Corporation Ltd. You are hereby required to inspect the final statement of account in respect of Ari Bank Corporation Ltd (in liquidation) and further take notice that any objection you may have on the accounts must be notified to the Liquidator within 30 days of the date hereof. A summary of all the receipts and payments in the winding up is ready for inspection at the Kenya Deposit Insurance Corporation (KDIC) offices situated at Old Mutual Towers 16th Floor on the 20th day of May, 2026 and 21st day of May, 2026 during working hours of 8:00 p.m. to 5:00 p.m. STATEMENT OF ACCOUNT OF THE LIQUIDATION 1. No of Company: C. 24786. 2. Name of Company: Ari Bank Corporation Limited (In Liquidation). 3. Presented by: KDIC as the liquidator of ARI Bank Corporation Limited (In Liquidation). 4. Statement showing how the liquidation has been conducted and how the property of the Company has been disposed off from 05th Dec-1997 to 31st December, 2025. Statement of assets and liabilities as at 31st December 2025 (Shs.) Receipts Shs. Payments Shs. Assets Cash at bank 5,025,056 - Treasury bills 16,500,000 Sub-total 21,525,056 Placements with Bank & Financial Institutions 53,902,552 15th May, 2026 THE KENYA GAZETTE Loans and advances 489,428,123 42,122,049 Loans and advances 6,115,271 Sub-Total 549,445,946 Receipts per Trading Account: Payments per Trading Account: Proceeds from maturing treasury bills 393,438,112 Treasury bills 400,493,821 Other assets - Legal fees 5,126,660 Receipts - placement from other banks - 26,506,448 Dividends 33,672,671 Deposit insurance - KDIC - 6,189,393 Protected depositors 6,189,393 Overdraft balance - National Bank - 1,683,056 Salaries and wages 12,093,154 Investment income - Treasury bills - 3,294,893 Subrogated funds 2,500,000 Interest income - 621,943 Auctioneers fee 474,921 Transfer from Transnational Bank - 7,500 Storage charges 1,490,221 Total Assets 570,971,002 Audit fees 1,250,673 Liabilities Bank interest charges 932,799 Deposits & saving accounts 232,177,201 Accrued creditors and other accrued charges 65,817,000 Other payments 9,388,024 Trade creditors (in liquidation) 9,862,859 Other creditors 1,211,735 Total Liabilities 309,068,795 Net Assets 261,902,207 Total Receipts and Payments 473,863,392 473,612,336 Net realizations 251,056 Opening Cash at Bank (05/12/1997) 4,774,000 Cash at Bank as at 31/12/2025 5,025,056 5. Preferential creditors - Current liquidation creditors WIA East Africa - Audit Services 5,539,000 Wanyaga and Njaramba Associates - Legal Services 3,732,000 National Media Group - Advertisement 91,640 9,362,640 6. State nominal value and class of share: Paid -Up Ordinary Shares 48,900,000 (i) Assets, including Loans and advances, placement with financial institutions (Meridian Biao Bank) and other assets shown in the statement of assets and liabilities estimated to be of the value of KSh. 549,445,946 have proved to be unrealizable, and hence have been written off. (ii) States amounts pain into the Companies Liquidation Account in respect of : KSh. (a) Unclaimed dividends payable to creditors in the liquidation 232,177,201 (b) Other unclaimed distributions in the liquidation (Written off) 67,028,735 (c) Monies held by the company in trust in respect to dividends or other sums due before commencement of the winding up to any person as a member of the company: (iii) Add here any special remark the liquidator think desirable Dated the12th May, 2026 at Nairobi Hellen Chepkwony (Mrs.) Kenya Deposit Insurance Corporation P.O. Box 45983-00100, Nairobi. Independent Auditor's Report We have audited the foregoing statements of account of the Liquidation of Ari Bank Corporation Ltd (In Liquidation) for the period 5th December 1997 to 31st December, 2025 and have obtained all the information and explanations considered for the purpose of our audit. In our opinion the Statement of Account of the Liquidation presents fairly the financial of Ari Bank Corporation Ltd (In Liquidation) as at 31st December, 2025 and the results from the trading account for the period then ended. The signing Partner responsible for the audit resulting in this independent auditors' report is CPA Joseph Irungu Kimani - Practicing Certificate No. P1648. Dated the 13th May, 2026. HELLEN CHEPKWONY, MR/7795633 Chief Executive Officer, Kenya Deposit Insurance Corporation, (Liquidator).