To exit SIC, a member is required to float their shares for purchase. We currently use the FIFO method of first in first out.
The process does not have a specific time of turn around as the market keeps changing.
This is the process of buying shares from existing members and not directly from Safaricom Investment Cooperative.
A member is at liberty to float shares anytime through the online member’s portal.
A member can buy as many shares as they can afford as long as they are available on the market.
Yes this arrangement is allowed. The request should be done via email.
They are returns on investment in SIC shares.
Rebates are payable via bank, mpesa or Safaricom Sacco. We do not pay via cheques.