Cairo - Mubasher: Gourmet Egypt.com for Food Products, a subsidiary of B Investments Holding, plans to proceed with an initial public offering (IPO) on the Egyptian Exchange (EGX).
Through a secondary sale, B Investments and other shareholders will sell up to 190.51 million existing shares, equivalent to 47.60% of Gourmet Egypt’s issued share capital, according to a press release.
Following the transaction, the EGX-listed firm will retain a 40% stake, underscoring its continued confidence in the company’s growth prospects.
The IPO will be structured as a combined offering, including a private tranche for qualified investors in Egypt and a public tranche open to retail investors. Both tranches will be offered at the same price per share.
Meanwhile, the final offer price will be determined through a book-building process.
Gourmet is currently securing the necessary regulatory approvals, including clearance from the Financial Regulatory Authority (FRA) and the EGX.
Meanwhile, the completion of the combined offering and the commencement of trading are expected to take place in February 2026.
Michael Wright, Gourmet Egypt’s Chairman, said: “The IPO of Gourmet Egypt 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,” he added.
The Chairman concluded: “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.”
Earlier this month, B Investments’ board approved proceeding with the listing and offering of Gourmet Egypt on the EGX.
