 Following the merger of ICEA and the Lion of Kenya Insurance to form the ICEA Lion Group (which is one of Eastern Africa's largest insurance companies), First Chartered Securities now owns an 80% stake in the new entity, with the remaining 20% held by Kenya Holding Limited.Banking - First Chartered Securities has a stake of a 24.98% stake in NIC Bank that was valued at 5.22 billion Kenyan shillings as at December 28, 2012 (US$64 million at the exchange rate then).Real Estate - First Chartered Securities real estate assets include Riverside Park and AMBank House, both in Nairobi.