Quickmart is planning to list its shares on the Nairobi Securities Exchange (NSE), which would open ownership of the supermarket chain to Kenyan and other eligible investors. However, the proposed transaction will not raise new money for the retailer because the shares being offered are existing shares held by its current owner, Sokoni Retail Kenya Limited.
Sokoni Retail currently owns the entire issued share capital of Quickmart, but it plans to sell 2 billion ordinary shares, representing 50% of the company. The offer may also include an over-allotment option of up to 15% of the offer shares, subject to the terms to be provided in the Information Memorandum.
Quickmart said it will not issue new shares through the transaction, and therefore it will not receive proceeds from the sale. Instead, the retailer expects to continue funding its expansion mainly through internally generated cash flows.
“Quickmart will not raise new capital from the Offer and expects to continue funding its organic growth and store expansion primarily through internally generated cash flows,” the company said.
The proposed listing comes as Quickmart expands its physical and digital retail operations. The supermarket currently operates 72 stores across 16 counties, while serving about five million customer transactions every month.
Its loyalty programme also has approximately 2.5 million Q-Points members, and the company recorded revenue of KES50.4 billion in the 2025 financial year. Adjusted profit after tax stood at KES1.7 billion, while revenue grew at a compound annual growth rate of 18.4% between 2021 and 2025.
Quickmart is targeting more than 100 stores in Kenya over the medium term, as it seeks to grow its customer base and improve digital operations and efficiency.
The proposed listing could also give investors access to the retailer’s future growth, while broadening its ownership base. However, the company said the transaction remains subject to the required regulatory approvals.
Quickmart also plans to introduce a substantial dividend policy after listing. The board intends to target a payout ratio of at least 80% of annual profit after tax, with dividends expected to be paid twice a year.
“The proposed listing would broaden ownership of one of Kenya’s largest modern grocery retailers,” the company said, adding that it would allow eligible investors to participate in its next phase of growth.
The retailer expects to pay its first dividend covering the second half of 2026 during the first half of 2027. However, the payment will depend on the company’s financial performance, capital requirements and the board’s discretion.