Retail chain Quickmart Plc (
@QuickmartKenya) announces plans to list on the Main Segment of the Nairobi Securities Exchange (
@NSE_PLC).
What you need to know:
· The proposed offer will comprise an offer for sale by Sokoni Retail Kenya Limited, which currently holds the entire issued share capital of Quickmart, of 2 billion existing ordinary shares with a nominal value of KES 0.2 each, representing 50.0% of Quickmart’s issued share capital
· Currently, Quickmart operates 72 stores across 16 counties, recording approximately 5 million customer transactions per month, supported by approximately 2.5 million Q-Points loyalty members.
· 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 chain's FY2025 revenue was Kes 50.4 billion and adjusted profit after tax was KES 1.7 billion
· Following Listing, the Board intends to target a dividend payout ratio of at least 80% of annual profit after tax, paid semi-annually, subject to the Company’s financial performance, capital requirements and Board discretion
· The Company expects to pay an initial dividend in respect of the second half of 2026 in the first half of 2027