Kenyans could soon become shareholders in Quickmart after the supermarket chain announced plans to sell 50 per cent of its shares through a listing on the Nairobi Securities Exchange (NSE).
The retailer said its sole shareholder, Sokoni Retail Kenya Limited (SRKL), plans to offer two billion ordinary shares to the public.
The shares represent half of Quickmart’s issued ordinary share capital.
The proposed transaction will be an offer for sale, meaning Quickmart will not issue new shares or receive the money raised from the sale.
Instead, the proceeds will go to SRKL, which currently owns 100 per cent of the retailer.
Quickmart said the planned listing is aimed at widening its ownership base and creating a public shareholding in the company.
“The proposed Listing marks an important milestone in Quickmart’s journey,” Chief Executive Officer Peter Kang’iri said.
Kang’iri said the company had grown significantly over the past two decades while expanding its stores, technology and customer services.
The offer is expected to launch around September 30, 2026, subject to regulatory approvals and other conditions.
Quickmart currently operates 72 stores across 16 counties and serves millions of customers across the country.
The retailer recorded revenue of Sh50.4 billion and an adjusted profit after tax of Sh1.7 billion in 2025.
The company also recorded about five million customer transactions per month during the first half of 2026.
Quickmart said it plans to continue expanding its footprint, with a target of opening between 10 and 15 stores annually between 2026 and 2030.
The company began in Nakuru in 2006 as a family-owned supermarket before expanding nationally and later merging with Tumaini Self Service.
The proposed NSE listing remains subject to approval, with further details on the share offer, pricing and timetable expected in the Information Memorandum.
