Kenyan supermarket chain Quickmart plans to list on the Main Segment of the Nairobi Securities Exchange through the sale of a 50% stake by its existing shareholder, the company said.
Sokoni Retail Kenya Ltd, which owns all of Quickmart, plans to sell 2 billion existing ordinary shares, representing half of the retailer’s issued share capital.
Quickmart will not raise new capital from the offering and plans to fund store expansion and other organic growth mainly from internally generated cash flow.
The retailer operates 72 stores across 16 Kenyan counties and processes about 5 million customer transactions a month. It has about 2.5 million Q-Points loyalty members.
Quickmart reported 50.4 billion Kenyan shillings ($390 million) in revenue for 2025 and adjusted profit after tax of 1.7 billion shillings.
Following the listing, the board plans to target a dividend payout ratio of at least 80% of annual profit after tax, with payments made twice a year, subject to financial performance, capital requirements and board discretion.
The company expects to pay its first dividend, covering the second half of 2026, in the first half of 2027.
