EFG Hermes Concludes Advisory for Gourmet Egypt’s IPO, Signaling Momentum in the Egyptian IPO Market

الثلاثاء 10 فبراير 2026

EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA), announced today the successful completion of its role as Sole Global Coordinator and Bookrunner to Gourmet Egypt.com Foods S.A.E (“Gourmet”) for its initial public offering (IPO) on the Egyptian Exchange.

This successful transaction further reinforces EFG Hermes’ position as a trusted adviser to founders and corporates pursuing transformational growth, while underscoring its continued commitment to deepening Egypt’s capital markets through the execution of new IPOs.

IPO Structure and Share Sale Details

The IPO comprised a secondary sale of up to 47.6% of the Company’s issued share capital by B Investments Holding S.A.E (“B Investments”), alongside Jalal Abu Ghazaleh, Basem Abu Ghazaleh, Deema Abu Ghazaleh, and Amgad Sultan.

The offering consisted of two tranches:

A private tranche allocated to qualified investors

A public tranche open to retail investors in Egypt

Strong Oversubscription and Broad Investor Participation

The IPO was met with strong investor demand, with the private tranche covered 12.2 times, while the public tranche was covered more than 55 times. The transaction witnessed robust participation from high-quality regional and international institutional investors, regional family offices, as well as strong demand from local institutional and retail investors.

EFG Hermes: A Milestone for Egypt’s Capital Markets

Commenting on the transaction, Maged El Ayouti, Co-Head of Investment Banking at EFG Hermes, said

“We are proud to have successfully taken Gourmet public on the EGX in an IPO that has seen exceptionally strong institutional demand both locally and internationally, in addition to strong retail participation.

The IPO of Gourmet, which was substantially oversubscribed, highlights the revival of investor appetite for market-leading businesses with a proven track record of innovation and consistent growth. After a period of subdued IPO activity, Gourmet’s listing marks a significant milestone as the EGX’s first successful IPO of 2026. We expect a recovery in new issuance activity, supported by increased international investor participation and rising local market liquidity.”He reaffirmed EFG Hermes’ commitment to supporting high-growth companies across the region in accessing public markets, enabling expansion, delivering shareholder value, and enhancing the depth of regional capital markets.

About Gourmet Egypt

Gourmet is a leading premium grocery retailer in Egypt, known for its curated product selection, exclusive offerings, and seamless customer experience. Founded in 2006 and launching retail operations in 2008, Gourmet has evolved into a fully integrated food retail platform with a strong omnichannel presence, including physical stores, e-commerce, and delivery services.

In 2015, the company established Gourmet Food Solutions (GFS), a wholly owned manufacturing subsidiary focused on producing exclusive “Produced by Gourmet” products. Today, Gourmet operates 21 stores across Greater Cairo, Alexandria, El Gouna, and seasonal locations along the North Coast, supported by a fast-growing e-commerce and delivery platform.