Rubis Energy Kenya

Headquarters are in Nairobi, Kenya with subsidiaries in Burundi, Ethiopia, Kenya, Mozambique, Rwanda, Uganda and Zambia. According to the Petroleum Institute of East Africa's report released in December 2014, KenolKobil was ranked third with 13.9 percent market share behind Total Kenya and Vivo Energy. == History ==

KenolKobil, then Kenya Oil Company Limited (abbreviated Kenol), was founded on May 13, 1959, by R S Alexander as a Private limited company. The Company started its operations as a wholesaler of packaged Kerosene under the brand name "SAFI". The company later began investing in service stations. In September 1959, Kenya Oil Company listed its shares on the Nairobi Securities Exchange making it the first petroleum company to be quoted on the exchange. In the early 1980s, Kenol faced numerous financial challenges and was placed under receivership. The company came out of receivership in 1983 and its shareholders resumed full control of the business. In 1986, Kenol and Kobil Petroleum Limited, a Delaware registered holding company that acquired Mobil Oil's assets in Kenya and Uganda in 1984, entered into a joint operations and management agreement. This agreement resulted in the sharing of distribution cost and managerial services thus enabling both companies to lower their operating costs and enhance profitability. The group expanded to Ethiopia in March 2005 when it incorporated Kobil Ethiopia. In February 2006, Kenol acquired Shell Rwanda SARL from Royal Dutch Shell and renamed it Kobil Rwanda. In 2007, the group acquired KLSS Rwanda's assets and merged them to Kobil Rwanda. In the same year, the group acquired the assets Shell Ethiopia and merged them to Kobil Ethiopia. This transaction involved allotting 45.5 million shares in exchange for 100% of the issued shares of Kobil. However Puma Energy later terminated its bid to acquire the group. In 2019, Rubis completed its full acquisition of KenolKobil and the company rebranded to Rubis Energy Kenya. == Member companies ==

The companies that comprise the KenolKobil Limited include, but are not limited, to the following: • KenolKobil Limited – Nairobi Kenya – 100% Shareholding – The flagship company of the group. Importing, marketing and distributing petroleum products in Kenya. • Kobil Petroleum – Delaware, USA – 100% Shareholding – Investment holding company. • Kobil Uganda Limited – Kampala, Uganda – 100% Shareholding – Importing, marketing and distributing petroleum products in Uganda. • Kobil Zambia Limited – Lusaka, Zambia – 100% Shareholding – Importing, marketing and distributing petroleum products in Zambia. • Kobil Rwanda SARL – Kigali, Rwanda – 100% Shareholding – Importing, marketing and distributing petroleum products in Rwanda. • Kobil Ethiopia Limited – Addis Ababa, Ethiopia – 100% Shareholding – Importing, marketing and distributing petroleum products in Ethiopia. • Kobil Burundi SA – Bujumbura, Burundi – 100% Shareholding – Importing, marketing and distributing petroleum products in Zambia. • Kobil Mozambique – Maputo, Mozambique – 100% Shareholding – Dormant company. • Lublend Limited – Ndola, Zambia – 25.5% Shareholding – A Manufacture of petroleum lubricating oil and grease. Majority owned by Mobil Zambia Limited. == Ownership ==

The shares of the stock of KenolKobil Limited are traded on the Nairobi Securities Exchange, under the symbol: KENO. At 3, December 2018 the shareholding in the group's stock was as depicted in the table below: == KenolKobil Stock Ownership as at December 2018 ==

KenolKobil is governed by a six-person board of directors and David Ohana as the group managing director. == See also ==