THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN. NEITHER THIS ANNOUNCEMENT, NOR ANYTHING CONTAINED HEREIN, SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION. INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS OF THE INFORMATION CONTAINED IN A PUBLIC SUBSCRIPTION NOTICE PUBLISHED BY THE COMPANY.

GOURMET EGYPT.COM FOODS S.A.E. ANNOUNCES THE SUCCESSFUL PRICING OF ITS INITIAL PUBLIC OFFERING AT THE TOP END OF THE PREVIOUSLY ANNOUNCED OFFERING PRICE RANGE; PRIVATE TRANCHE IS 12.22x OVERSUBSCRIBED

 

Cairo, the 1st of February 2026

Gourmet Egypt.Com Foods S.A.E. (“Gourmet” or “GE” or the “Company”), a leading premium grocery retailer, today announces the successful conclusion of its bookbuilding process and the pricing of its initial public offering (the “IPO” or the “Offering”) of ordinary shares (the “Shares”, each a “Share”) at EGP 6.90 per share (the “Offer Price” or the “Final Price”), representing the top end of the previously announced offering price range,  in connection with its IPO on the Egyptian Exchange (“EGX”). Gourmet’s shares have been listed on the EGX on Wednesday 21 January 2026 under the ticker symbol GOUR.CA.

The Private Tranche (as defined below) was 12.22x oversubscribed. At the Offer Price, the market capitalization of Gourmet is EGP 2.76bn

The Offering includes (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 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 Holding S.A.E. (“B Investments”), Basem Abu-Gazaleh, Jalal Abu-Gazaleh, Deema Abu-Gazaleh and Amgad Sultan (together with B Investments, the “Selling Shareholders”).

Subscription for the Public Tranche is set to close on 4 February 2026. Commencement of trading on the EGX is expected on or around 9 February 2026, subject to completing settlement procedures, regulatory approvals and certain customary conditions associated with the Offering

 

Michael Wright, the Chairman of Gourmet, said:

“We are pleased with the positive demand for Gourmet’s IPO, which is an indication of investors’ confidence in our business and our future growth. This level of demand reflects Gourmet’s solid market position, its commitment to quality, and its ability to meet the needs of premium, quality-conscious consumers. We are delighted by the participation of our new shareholders and look forward to sharing this exciting journey as we strive to continue to grow and expand.”

 

EFG Hermes Promoting & Underwriting acted as the sole global coordinator and bookrunner for the Offering. MHR & Partners, in association with White & Case, acted as local counsel to the Company in connection with the Offering.

 

Share this content:

إرسال التعليق

موضوغات متميزة