Kenol-Kobil has been dropped from the two main indices of the Nairobi Securities Exchange paving way for the exit of the firm from the market.
The downstream and upstream oil firm was two months ago bought by French oil giant Rubis in a deal that rattled the market.
Kenol-Kobil was the first oil marketer to be listed on the stock market in 1957.
The exit leaves Total Kenya as the only oil marketer whose shares are trading at the bourse.
Capital Markets Authority suspended trading of the shares on the bourse in March following the conclusion of the Sh36 billion buyout by Rubis
Investors in Kenol Kobil offered 1,145,757,700 shares up for sale; equivalent to 96.85 percent of shares not already owned by the French company. Only 3.1 percent of the shareholders declined the deal.
The de-listing of the firm from NSE brings to four the total number of companies that have exited from the Nairobi Securities Exchange in the last three years.
Marshall East Africa, Hutchings Biemer and A. Baumann have delisted from the Nairobi Securities Exchange in 2017.