Quickmart to List 100% of Ordinary Shares on Nairobi Securities Exchange by End of September
Sokoni Retail Kenya Limited plans to list all of Quickmart’s ordinary shares on the NSE’s Main Investment Market Segment by the end of September 2026.
In Brief
- •Sokoni Retail Kenya Limited plans to list all of Quickmart’s ordinary shares on the NSE’s Main Investment Market Segment by the end of September 2026.
- •The company will offer 2 billion shares, representing 50% of its issued ordinary share capital, to retail and institutional investors in Kenya, the EAC and abroad.
- •Quickmart’s net assets stood at Ksh 1.9 billion and its net cash position at Ksh 0.7 billion as of 30 June 2026, with borrowings of Ksh 6.8 million.
- •Lead transaction advisers are SBG Securities Limited and Stanbic Bank Kenya Limited, with Dyer and Blair Investment Bank Limited as co‑placing agent.
- •If the over‑allotment option is fully exercised, Quickmart’s remaining shareholding would fall to roughly 42.5%.
Why It Matters
Listing Quickmart on the NSE will open up ownership of Kenya’s second‑largest retailer to a broader base of investors, potentially increasing liquidity and market visibility for the company. The move is also expected to strengthen Quickmart’s capital base and support its expansion plans across the country, while providing Kenyan and regional investors with a new retail investment opportunity.
Key Details
- Shares for sale
- 2 billion (50% of issued ordinary share capital)
- Net assets
- Ksh 1.9 billion
- Net cash position
- Ksh 0.7 billion
- Borrowings
- Ksh 6.8 million
- Listing segment
- Main Investment Market Segment
Context & Background
Quickmart, owned by Sokoni Retail Kenya Limited, is Kenya’s second largest retailer and is seeking to broaden its ownership base through a public listing.
Original Reporting & Sources
VNews is an independent briefing product. Original reporting remains credited to the following publishers:
This brief was synthesized automatically using attributed third-party reporting. VNews is a digital news publication produced under the VContent Group brand and operated by Francis Vincent Sunday in Ghana, independent from the publishers cited above. Read our AI Transparency Policy and Editorial & Corrections Policy.