NAIROBI, Kenya- Quickmart has announced plans to list on the Nairobi Securities Exchange, opening one of Kenya’s largest supermarket chains to public investors for the first time.
The retailer said its founding shareholder, Sokoni Retail Kenya Limited, intends to sell at least half of its shares through an Initial Public Offering on the NSE’s Main Investment Market Segment.
The stake represents approximately 25 per cent of Quickmart’s issued ordinary shares. An over-allotment option could increase the offer by up to 15 per cent, subject to the terms in the company’s Information Memorandum.
Quickmart will not issue new shares or receive money from the transaction.
Sokoni Retail Kenya will receive the proceeds, while the retailer continues financing its expansion through internally generated cash flows.
The offer is expected to open on or around September 30, 2026, subject to approval from the Capital Markets Authority and other regulatory requirements.
Quickmart currently operates 72 stores across 16 counties and plans to open between 10 and 15 new outlets annually as it targets more than 100 stores in Kenya over the medium term.
The company processed about five million customer transactions every month during the first half of 2026 and had approximately 2.5 million Q-Points loyalty members.
For the financial year ending December 2025, Quickmart reported revenue of KSh50.4 billion and an adjusted profit after tax of KSh1.7 billion. Revenue grew by 18.4 per cent compared with the previous year, while profit increased by 74 per cent.
Quickmart Group Chief Executive Officer Peter Kang’iri said the proposed listing marked a major milestone in the retailer’s growth.
“Listing on the NSE will give Kenyans the opportunity to own a share of a business they already shop in, while raising our profile with suppliers and partners,” Kang’iri said.
The company said its board intends to maintain a dividend payout ratio of at least 80 per cent of annual profit after tax, subject to financial performance, capital requirements and regulatory conditions.
Quickmart was founded in Nakuru in 2006. Its merger with Tumaini Supermarkets in 2020, backed by Adenia Partners, helped create the retail chain in its current form.
Following the offer, Sokoni Retail Kenya is expected to retain about half of Quickmart’s issued share capital. Its remaining stake could fall to approximately 42.5 per cent if the full over-allotment option is exercised.
The listing would make Quickmart one of the few major Kenyan supermarket chains whose shares can be bought and sold by the public on the NSE.
