Gourmet Egypt.Com Foods (“Gourmet” or “GE” or the “Company”), a leading premium grocery retailer, today announces the indicative offer price range (the “Indicative Offer Price Range”) for an offering of up to c. 47.6% of the Company’s existing ordinary shares (the “Shares”, each a “Share”) and the start of the subscription period for its initial public offering (the “IPO” or the “Offering”) on the Egyptian Exchange (“EGX”).
• The Offering will include (i) a private tranche available for qualified institutional investors and high net-worth individuals in Egypt (the “Private Tranche”) and (ii) a public tranche open for public subscription in Egypt (the “Public Tranche”) (collectively the “Combined Offering”).
• The book-building period for the Private Tranche starts today, Sunday 25 January 2026, and is expected to close on Thursday 29 January 2026.
• The subscription period for the Public Tranche starts today, Sunday January 25 2026, and is expected to close on Wednesday 04 February 2026.
• The Indicative Offer Price Range has been set between EGP 6.20 and EGP 6.90 per Share. The size of the Offering is expected to be between EGP 1.18 billion and EGP 1.32 billion.
• Based on the Indicative Offer Price Range, Gourmet is set to list with a market capitalization of between EGP 2.48 billion and EGP 2.76 billion.
• A total of 190,516,824 (one hundred ninety million five hundred sixteen thousand eight hundred twenty-four) ordinary Shares, representing c.47.6% of the total issued Shares in the Company (the “Offer Shares”), are to be sold 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”) through a full secondary share sale.
• The final offer price (“Final Offer Price”) will be determined through a book-building process and is expected to be announced on Sunday 1 February 2026.
• Trading of the shares on the EGX (“Trading”) is expected to take place on or around Monday 9 February 2026.
• Gourmet’s shares have been listed on the EGX on Wednesday 21 January 2026 under the symbol GOUR.CA.
Michael Wright, the Chairman of Gourmet, said:
“Today represents a pivotal moment as we open subscriptions for the Gourmet IPO. Our offering provides a distinctive opportunity for potential investors to engage in the growth of a leading premium grocery retailer in Egypt. As we continue to expand our operations, enhance our product offerings, and grow our digital and delivery services, we remain confident in our ability to drive sustainable growth and value for our shareholders. We are excited about the future and the prospects for continued success as we execute our plans through 2026 and beyond. The offer price range reflects our commitment to delivering long-term value while aiming to support post-listing performance, and we look forward to this exciting journey.”
Offering Highlights
The Combined Offering will consist of up to 152,413,459 shares for the Private Tranche and a further 38,103,365 shares in the Public Tranche.
The Selling Shareholders are B Investments S.A.E., Basem Abu Ghazaleh, Jalal Abu Ghazaleh, Deema Abu Ghazaleh and Amgad Sultan.
The subscription period for the Offering starts today, Sunday 25 January 2026, and is expected to close on Thursday 29 January 2026 for the Private Tranche, and on Wednesday 04 February 2026 for the Public Tranche.
The completion of the Offering and Trading is currently expected to take place on or around Monday 9 February 2026, subject to (i) finalizing the book-building process and (ii) completing settlement procedures, regulatory approvals and certain customary conditions associated with the Offering.
Notes
44.3% of the Shares held by the Selling Shareholders shall be subject to a 24-month regulatory lock-up. Any additional Shares not subject to the regulatory lock-up that remain unsold shall be subject to a 6-month commercial lock-up.
At commencement of Trading, B Investments will remain invested in the Company with a 40% stake, demonstrating confidence in the business moving forward.
Details of the Offering are set out in the Public Subscription Notice (the “PSN”). All related documents are available for download at https://gourmetegypt.com/investors.
EFG Hermes Promoting & Underwriting is the sole global coordinator and bookrunner for the Offering.
MHR & Partners in association with White & Case is the local counsel to the issuer for the Offering.
