B Investments cuts Gourmet Egypt stake to 33.5%
· Egyptian market news · ARAB
B Investments Holding has sold 26 million shares in Gourmet Egypt for EGP 416 million, according to a bourse filing.
Following the transaction, B Investments Holding’s stake in Gourmet stands at 33.5%.
It is worth noting that B Investments achieved consolidated net profits attributable to shareholders of EGP 407.852 million in the first half (H1) of 2026, increasing by 19.78% year-on-year (YoY) from EGP 340.491 million.
Meanwhile, the consolidated net profit of the food retailer and manufacturer Groumet Egypt jumped by 46.1% YoY to EGP 139.446 million in H1 2026, up from EGP 95.463 million.