GOLDEN GOOSE

Gourmet Egypt shares soar 38% on Cairo stock exchange debut

With last week's initial stock offering split between institutional and retail investors, the upscale supermarket chain's IPO raised almost $28 million

EFG Hermes

Gourmet Egypt executives ringing the bell at the Egyptian Exchange

By

Jonathan H. Ferziger

February 10, 2026

Foie gras and French goat cheese fueled Gourmet Egypt’s stunning debut on the Cairo stock exchange today, in which the upscale grocer’s shares rose as much as 38%.

With sales split between institutional and retail investors at 6.90...