First published: 18-Jan-2026 13:37:10

Safia Munir

Egyptian food company Gourmet Egypt announced its intention to launch an initial public offering (IPO) of 47.6% of its shares on the Egyptian Stock Exchange, according to a statement issued by EFG Hermes, which is acting as the coordinator for the offering, on Sunday.

Gourmet was launched in 2006 and operates in the food trade and manufacturing sector through 19 stores and two factories, as well as in e-commerce via its website and mobile application.

For more information : Egyptian investment firm B Investments aims for an initial public offering (IPO) of a stake in food company Gourmet during the first quarter of 2026.

Details of the planned offering

(According to the statement)

The company will sell a maximum of approximately 190.5 million shares.

- The offering includes a private placement of approximately 152.4 million shares, and a public offering of 38.1 million shares.

The offering will include shares held by B Investments Holding – listed on the Egyptian Stock Exchange – from shareholders belonging to the Abu Ghazaleh family. B Investments will retain a 40% stake in Gourmet.

The private and public offerings will be conducted at the same price. The offering price has not yet been determined.

The offering is expected to be completed and trading on the stock exchange to begin next February.

(Prepared by: Safia Mounir, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com)

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