24/09/2026
QUICKMART SUPERMARKET PLANS NSE LISTING
Quickmart PLC plans to sell up to a 57.5 percent stake through the Nairobi Securities Exchange, giving its existing investors an opportunity to sell part of their holdings. Under the proposal, its sole shareholder, Sokoni Retail Kenya Limited (SRKL), will offer two billion existing shares, representing 50 percent of the company, with an option to sell an additional 300 million shares, equivalent to 7.5 percent.
SRKL holds the interests of funds managed by Adenia Partners, the founders of Quickmart and Tumaini, and Group Chief Executive Peter Kang’iri. The two supermarket chains merged with effect from January 2020. No new shares will be issued, and proceeds will go to the selling shareholder.
Quickmart reported audited sales of KES 50.43 billion in 2025, up 8.0 percent, while profit after tax increased 32.9 percent to KES 1.51 billion. This translates to approximately KES 3 in profit for every KES 100 in sales.
The proposed offer is expected to launch on or around 30 September 2026, subject to CMA and NSE approvals and market conditions.
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