Gourmet Looks to Go Public at on Egypt's Stock Market

Gourmet, Egypt’s luxury food retail company, has filed a request with the Financial Regulatory Authority to proceed with an initial public offering, which could see up to 40% of its shares listed and deliver a major exit for investor B Investments. After years of growth and operational improvements, the company shifted from exploring a sale to a foreign buyer to pursuing the liquidity of the Egyptian Exchange.

The transition from a family-owned business to a listed company aligns with a wider move by Egyptian family firms towards public markets, governance, and professional management. The planned listing positions Gourmet within that pathway to stock market exits.

Separately, the Egyptian Exchange is preparing to launch trading in financial derivatives within weeks, with futures on the EGX 30 expected this year. If the rollout proves successful, the plan is to extend derivatives to other indices, then individual stocks, followed by options. The exchange’s leadership has expressed optimism about derivatives’ role in reshaping liquidity, noting that such instruments are widely used across global markets.