Egyptian luxury food retailer Gourmet plans to sell 47.6% of its shares in February through an initial public offering.
The offering will include both private and public sales, pending approvals from the Egyptian Exchange and the Financial Regulatory Authority.
Share prices will be determined via a book-building process, reflecting demand and investor appetite for the high-end retailer’s stock.
Gourmet said it will use the capital raised to expand its retail outlets, home delivery services, and manufacturing operations.
Currently, the company operates 21 stores across Egypt, catering to affluent consumers seeking gourmet foods and specialty products.
Founded in 2006, Gourmet reported a net profit of 135 million Egyptian pounds in 2024 on revenue of 2.09 billion pounds.
The IPO marks a significant step for the company, signalling ambitions to grow its presence in Egypt’s competitive food market.
Investors will watch closely as the luxury food sector gains momentum, driven by changing tastes and rising consumer demand.
The offering also reflects broader economic confidence in Egypt, highlighting opportunities in high-end retail and domestic investment markets.
Gourmet’s expansion plans combine physical store growth with modernised home delivery systems, aiming to capture both convenience and luxury segments.