The company’s sole shareholder, Sokoni Retail Kenya Limited, will offer two billion existing ordinary shares for sale. The proposed offer is subject to regulatory approvals from the Capital Markets Authority (CMA) and the NSE and is expected to open around September 30, 2026.
Quickmart will not issue any new shares and will not receive proceeds from the transaction. All funds will go to Sokoni Retail Kenya Limited. If the offer is completed without the over-allotment option being exercised, Sokoni is expected to retain about 50 per cent ownership. Full exercise of the option would reduce its stake to approximately 42.5 per cent.
Group Chief Executive Officer Peter Kang’iri described the planned listing as an important milestone in the retailer’s growth. Founded in Nakuru in 2006, Quickmart now operates 72 stores across 16 counties, including 35 that trade around the clock.
The chain recorded about five million customer transactions per month on average in the first half of 2026 and has roughly 2.5 million Q-Points loyalty members.In 2025, Quickmart reported revenue of Sh50.4 billion and adjusted profit after tax of Sh1.7 billion. Revenue grew at a compound annual rate of 18.4 per cent between 2021 and 2025.
The company plans to expand to more than 100 stores over the medium term, targeting 10 to 15 new outlets annually while strengthening its online and delivery operations.Following the listing, the board intends to target a dividend payout ratio of at least 80 per cent of annual profit after tax, paid semi-annually, subject to financial performance and capital needs.Further details on the timetable and terms are expected in the Information Memorandum once regulatory approvals are secured.