February 8 — Cairo: Gourmet Egypt has officially entered the Egyptian Exchange under the ticker symbol GOUR.CA, becoming the first company to launch an initial public offering (IPO) on the Egyptian market in 2026. The premium grocery retailer set its share price at EGP 6.90, the highest point within its previously announced pricing range.
Through the offering, the company raised nearly EGP 1.3 billion by selling a 47.6 percent stake in its total share capital, marking a major milestone in its corporate expansion.
The IPO was carried out through a secondary offering involving more than 190.5 million existing shares. Of these, approximately 152.4 million shares were allocated to institutional investors through a private placement, while around 38.1 million shares were offered to retail investors through a public subscription.
Investor interest was exceptionally strong in both categories. The institutional portion was oversubscribed by 12.22 times, while the public offering saw even higher demand, with subscriptions exceeding the available shares by more than 55 times.
Based on the final share price, Gourmet Egypt entered the stock market with a total valuation of about EGP 2.76 billion. The listing follows a period of solid financial growth for the company, which reported consolidated revenues of EGP 2.1 billion in 2024.
This growth trend continued into the following year, with revenues surpassing EGP 2.08 billion during the first nine months of 2025, reflecting an increase of nearly 40 percent compared to the same period the previous year.
The company also maintained stable profitability during this period, reporting net earnings of EGP 135 million for the full year 2024, as well as the same profit level for the first three quarters of 2025.
The transaction involved the sale of shares held by B Investments Holding, the Abu-Gazaleh family, and Amgad Sultan. The offering was coordinated by EFG Hermes, which served as the sole global coordinator for the listing.
This public offering marks a significant transformation for Gourmet Egypt, transitioning from a specialized delivery-focused business into a fully integrated retail company operating as a publicly traded entity.
