Quick Mart PLC has unveiled its new shareholding structure following its Ksh15 billion Initial Public Offering (IPO).
In an announcement on Friday, November 6, 2026, the company published the IPO results ahead of the scheduled commencement of trading on the Nairobi Securities Exchange on November 12.
The shareholding structure follows the sale of 2 billion existing shares at Ksh7.50 each, raising Ksh15 billion for the selling shareholder.
The IPO attracted 18,492 applications for 2.45 billion shares valued at Ksh18.4 billion, representing an oversubscription of 122.7 per cent.
“Quick Mart PLC (the “Company” or the “Issuer” is pleased to announce the results of its Initial Public Offering (the “Offer or the “IPO”). The IPO is by way of an Offer for Sale of 2,000,000,000 existing Ordinary Shares (the “Offer Shares”), each having a nominal value of KES 0.20 and an Offer Price of KES 7.50,” read part of the announcement.
Sokoni Retail Retains 50% as IFC and Other Investors Acquire Quick Mart Shares
Sokoni Retail Kenya Limited remains Quick Mart’s largest shareholder, holding 2 billion shares representing a 50 per cent stake in the company.
Cornerstone investors collectively hold 864,183,333 shares, or 21.6 per cent, while Kenyan and East African Community (EAC) institutional investors own 723,500,200 shares, or 18.1 per cent.
Foreign investors hold 235,207,847 shares, or 5.9 per cent, while Kenyan and EAC retail investors own 177,108,620 shares, or 4.4 per cent.
The five shareholder categories collectively account for Quick Mart’s 4 billion issued ordinary shares.
| Shareholder / Investor Category | Number of Shares | Ownership |
|---|---|---|
| Sokoni Retail Kenya Limited | 2,000,000,000 | 50.0% |
| Cornerstone investors | 864,183,333 | 21.6% |
| Kenyan and EAC institutional investors | 723,500,200 | 18.1% |
| Foreign investors | 235,207,847 | 5.9% |
| Kenyan and EAC retail investors | 177,108,620 | 4.4% |
| Total | 4,000,000,000 | 100.0% |
Also Read: List of QuickMart Supermarket Branches in Kenya
How Investors Were Grouped
The Quick Mart IPO grouped applicants into four investor categories: Kenyan and East African Community (EAC) retail investors, Kenyan and EAC institutional investors, foreign investors and cornerstone investors.
Kenyan and EAC retail investors, as well as institutional investors, received 100 per cent of the eligible shares they applied for.
Foreign investors received an average allocation of approximately 49.5 per cent, while allocations to cornerstone investors varied depending on their individual commitments.
The announcement identified four cornerstone investors: the International Finance Corporation (IFC), 337 Frontier, RWC Asset Management and MOBILIST. The four investors submitted seven applications during the IPO.
Also Read: The Story of John Kinuthia, Founder of QuickMart Supermarkets
Board Leadership
Quick Mart PLC’s Board of Directors comprises nine members, including executive, non-executive and independent directors.
Jérôme Loubère serves as the Board Chairperson, while Peter Kang’iri is the Group Chief Executive Officer (CEO) and Executive Director. Jacques Dôme serves as Managing Director and Executive Director, overseeing the company’s Kenyan operations.
Other board members include Duncan Kinuthia, the company’s founder; Moses Nditika Ngeruro, an Investment Partner; Alexis Roland Marie Jean Caude; and Martha A. Osier, all of whom serve as directors.
The board also includes Disha Copreaux, an Independent Non-Executive Director and Committee Chair, and Jeniffer Kinyoe, an Independent Non-Executive Director who chairs the Audit and Risk Committee. Both joined the board on October 1, 2026.
Peter Kang’iri leads Quickmart’s executive management team as Group CEO and Executive Director. Jacques Dôme is the Managing Director and Executive Director.
The senior management team also includes Simon Macharia, Chief Financial Officer; Joseph Kihara Thuku, Chief Commercial Officer; and Stephen Karanja, Chief Retail/Operations Officer.
Duncan Kinuthia, the founder of Quickmart, serves as a Founder and Board Director, while Moses Nditika Ngeruro serves as an Investment Partner and Board Director.
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