B Investments Sells 26 Million Gourmet Egypt Shares, Stake Drops to 33.5%

B Investments Holding has offloaded 26 million shares in Gourmet Egypt for EGP 416.2 million, or roughly USD 8 million, according to a disclosure filed with the Egyptian Exchange. The shares were sold at about EGP 16 each, trimming B Investments’ stake in the premium grocery and food retail business from 40% to 33.5%. The buyer, for now, has not been named.

It is one of those moves that looks straightforward on paper, but says a bit more when you step back. B Investments has been tied to Gourmet for years. In 2018, it bought an initial 40% stake for EGP 65 million, then lifted its holding to around 53% through a later capital increase worth EGP 60 million. That money went into expanding Gourmet’s food manufacturing operations and boosting production capacity, which, in this market, is no small thing.

Gourmet itself has come a long way since it was founded in 2006. It started by supplying premium meat and seafood to five-star hotels, then opened its first retail branch in Maadi in 2008. Since then, the business has grown into an integrated premium food retailer and manufacturer with 22 branches and two production facilities. These sites turn out soups, salads, baked goods, plus ready-to-cook and ready-to-eat meals — a model that feels pretty spot on for consumers who want convenience without dropping their standards.

Earlier this year, in February 2026, Gourmet listed on the EGX through an all-secondary IPO. In that offering, B Investments and other shareholders sold 47.6% of the company. That matters because it shows this latest sale is not coming out of the blue. Rather, it sits within a wider reshuffling of stakes after the market debut. I reckon investors will now be watching whether this is simply portfolio management or the start of a broader repositioning.

For startup-minded readers at Arageek, there is also a familiar lesson here. I’ve seen founders across the MENA region get chuffed to bits when fresh capital comes in, then realise later that exits and secondary sales can be just as important in the company’s journey. It is not always glamorous, and, well... I mean, sometimes the cap table can become a bit of a faff. But these moves often show how businesses mature.

That said, one detail may raise eyebrows: the deal leaves the buyer undisclosed. On the flip side, that is not unheard of in market transactions, even if it leaves room for speculation. And believe it or not, even a sale that reduces a shareholder’s holding can still signal confidence if the investor remains one of the main stakeholders, which B Investments still is.

There was also another corporate update in the mix. Avanz Capital Egypt is set to become Exits Manara, a step that would bring private equity and asset management capabilities into Exits MENA’s wider platform. It is a separate development, but still part of the same bigger picture in Egypt’s investment scene, where firms are trying to build broader financial ecosystems rather than stick to one lane only.

All in all, B Investments’ latest transaction gives Gourmet another moment in the market spotlight. The company has built a niche in premium food retail and manufacturing, and the latest sale suggests its story is still very much unfolding — definately one to watch.

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