Egyptian premium food retailer Gourmet Egypt is preparing to float 47.6 percent of its issued shares in an initial public offering on the Egyptian Exchange (EGX), marking a significant addition to the country’s consumer and retail listings. The company said the planned IPO is aimed at supporting expansion across physical stores, e commerce channels and in house food manufacturing, according to Reuters.
The offering will be structured as a secondary sale of existing shares, split between a private placement for institutional investors and a public tranche for retail investors, with pricing to be determined through a book building process, according to market disclosures. Existing shareholders, including B Investments Holding and members of the Abu Ghazaleh family, are expected to sell part of their holdings, while B Investments will retain a substantial minority stake after the listing, reflecting continued confidence in the business.
Founded in 2006, Gourmet has grown into one of Egypt’s leading premium grocery chains, operating more than 20 outlets nationwide alongside a fast growing delivery and digital sales platform. The company has benefited from rising demand for organised food retail and convenience services, with e-commerce accounting for a significant share of revenues in recent years, according to company filings cited by Arab finance.
The IPO, which remains subject to regulatory approvals, is expected to be completed in early 2026 and will be led by EFG Hermes as sole global coordinator and bookrunner, according to statements from the adviser. BNOK24 says the listing could help revive equity market activity in Egypt while highlighting renewed investor interest in consumer focused businesses.
Image Source: gourmetegypt.com
