CAIRO - 5 February 2026: The Egyptian Exchange (EGX) announced that trading in Gourmet Egypt shares will start on Tuesday, February 10, 2026, following the completion of the company’s public and private share offering.
According to an EGX statement on Thursday, the shares will be listed on the medium-activity market, allowing investors to trade on a T+1 basis, buy on margin, and use the shares as collateral up to 80% of their market value.
The opening price for the stock will be set at LE 6.90, equal to the offering price. During the first session, price limits will be doubled, allowing a 40% upward or downward movement without triggering trading halts. Standard price limits will resume in the following sessions after the first closing price is recorded.
For the public offering, the EGX will open the special operations market (OPR) for 30 calendar days, from February 10 to March 11, 2026. During this period, the offering manager must maintain a buy order at the offering price, while only public offering investors can place sell orders, limited to the number of shares allocated to each. Shares bought from the open market will not be eligible under the stabilization mechanism.
On Thursday, Gourmet Egypt completed its share offering of 190.5 million shares, representing 47.6% of the company’s capital, at LE 6.90 per share, raising a total of LE 1.31 billion. The private placement accounted for 152.4 million shares, or 38.1% of the company’s capital (80% of the total offering), while the public offering included 38.1 million shares, representing 9.5% of the capital (20% of the total offering).
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