Gourmet Egypt.Com for Food Products (“Gourmet” or “GE” or the “Company”), a leading premium grocery retailer, today announced its intention to proceed with an initial public offering (the “IPO” or the “Offering”) of its ordinary shares on the Egyptian Exchange (“EGX”).
The Offering is expected to consist of a secondary sale of up to 190,516,824 existing ordinary shares, representing 47.6% of the Company’s issued share capital, by B Investments Holding S.A.E (“B Investments”), Basem Abu Ghazaleh, Jalal Abu Ghazaleh, Deema Abu Ghazaleh and Amgad Sultan (together with B Investments, the “Selling Shareholders”), while B Investments will remain invested in the Company with a 40% stake, demonstrating confidence in the business moving forward.
The Offering will include (i) a private tranche to qualified investors in Egypt (“Private Tranche”) and (ii) a public tranche open for public subscription in Egypt (“Public Tranche”) (collectively the “Combined Offering”). Details of the Combined Offering are outlined in the Offering Highlights section, below.
Both the Private Tranche and Public Tranche will be offered at the same price per share (the “Offer Price”). The Offer Price will be determined through a book building process.
Gourmet is currently in the process of obtaining the required approvals with regards to the Offering, including approval of the public subscription notice (the “PSN”) and any other approvals from the Financial Regulatory Authority (“FRA”) and the Egyptian Exchange. Completion of the Combined Offering and commencement of trading is expected to take place in February 2026, subject to market conditions and the timely receipt of the relevant regulatory approvals.

Commenting on the Offering, the Company’s Chairman, Michael Wright, said: “The IPO of Gourmet marks a major milestone in the Company’s journey and sets the stage for the next phase of our growth. We remain committed to strengthening Gourmet’s brand equity by consistently delivering on our promise of excellence and quality. As we look to the future, we are focused on scaling the business while staying true to the core principles that define the Gourmet brand — innovation, authenticity, and dedication to our customers.”