Quickmart announces plan to list on Nairobi Securities Exchange
The proposed offer will involve the sale of 2 billion existing ordinary shares, representing 50 per cent of Quickmart’s issued share capital. The shares are being offered by Sokoni Retail Kenya Limited, which currently owns the entire share capital of Quickmart.
NAIROBI, Kenya – Quickmart, a leading retailer in Kenya, has announced its intention to list on the Nairobi Securities Exchange (NSE) Main Investment Market Segment, pending regulatory approvals. The proposed offering involves the sale of 2 billion existing ordinary shares, which make up 50% of Quickmart's total issued share capital.
Sokoni Retail Kenya Limited, the current owner of Quickmart's entire share capital, is offering these shares. Quickmart does not plan to issue new shares or receive any proceeds from the listing and will continue to fund its expansion primarily through internally generated cash flows.
CEO Peter Kang'iri stated that listing on the NSE will enable Kenyans to own a share in the retailer they frequent, while also enhancing Quickmart's profile among suppliers and partners as it pursues its growth strategy. As of 2025, Quickmart operates 72 stores across 16 counties, processes approximately five million customer transactions monthly, and reported a revenue of Sh50.4 billion and adjusted profit after tax of Sh1.7 billion.
The retailer's growth plan includes expanding to over 100 stores in Kenya in the medium term. Following the listing, Quickmart's board intends to distribute at least 80% of annual profit after tax as dividends on a semi-annual basis, contingent upon the company's financial performance, capital requirements, and board discretion. The retailer anticipates paying its initial dividend in the second half of 2026, with the first payment occurring in the first half of 2027.
Written by urgent.news from Capital Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
