{"id":614685,"date":"2024-02-06T00:00:00","date_gmt":"2024-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/kazyon-expands-into-saudi-arabia-acquiring-half-of-discount-retailer-dukan\/"},"modified":"2024-02-06T00:00:00","modified_gmt":"2024-02-06T00:00:00","slug":"kazyon-expands-into-saudi-arabia-acquiring-half-of-discount-retailer-dukan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/kazyon-expands-into-saudi-arabia-acquiring-half-of-discount-retailer-dukan\/","title":{"rendered":"Kazyon expands into Saudi Arabia, acquiring half of discount retailer Dukan"},"content":{"rendered":"

Kazyon sets foot in Saudi:<\/strong> Kazyon Limited, the UK-based parent company of Egyptian discount supermarket chain Kazyon, has acquired a 50% stake in Saudi grocery chain Dukan \u2014 Saudi\u2019s sole discount retailer \u2014 through a SAR 250 mn (c. USD 66.7 mn) capital increase, according to a press release (pdf)<\/a>. The transaction marks Kazyon\u2019s first investment in Saudi Arabia.<\/p>\n

Where is the money going? <\/strong>The investment will help roll out more Dukan stores across the Kingdom as part of Kazyon\u2019s plan to expand its portfolio to 5k stores across Egypt, Morocco, and Saudi Arabia within the next five years, a fivefold increase from its current network, backed by its own end-to-end logistics network.<\/p>\n

All about Kazyon<\/strong>:<\/strong> Kazyon was founded in 2014 by our friend Hassan Heikal, the former EFG Hermes CEO, and has grown to become the largest discount retailer in Egypt. It sells a range of food and household products at competitive price points. Kazyon entered the Moroccan market last October.<\/p>\n

\u201cThe transaction was funded by introducing to the capital structure of Kazyon a global sovereign wealth fund<\/strong> as we solidify our position as a leading grocery retailer in the region,\u201d Heikal said.<\/p>\n

ICYMI-<\/strong> A consortium led by our friends at Africa-focused private equity firm Development<\/a>Partners International<\/a> (DPI) invested USD 165 mn<\/a> in Kazyon last April to help the company expand its presence in Egypt. In addition to Heikal and DPI, the company counts among its shareholders \u201ca leading global sovereign wealth fund, major development finance institutions, FIM Capital, Sango Capital, and regional family offices.\u201d<\/p>\n

ADVISORS- <\/strong>Evercore Partners, EFG Hermes, White & Case and PWC.<\/p>\n","protected":false},"excerpt":{"rendered":"

Transaction was by an investment by an unnamed sovereign fund<\/p>\n","protected":false},"author":1,"featured_media":614686,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7363],"tags":[7362,72,7013,7128,338,219],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-614685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-dukan","tag-enterpriseam","tag-kazyon","tag-ma-watch","tag-retail","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"a7dca7d6-227d-4985-bed9-5fc1863d81a5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/325.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s Kazyon expands into Saudi Arabia, acquiring a 50% stake in supermarket chain Dukan","related_issue":[614678],"teaser":"Transaction was by an investment by an unnamed sovereign fund","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.29129adb-2f6a-495a-a54c-84a8aaec6bf3.mp3"},"yoast_head":"\nKazyon expands into Saudi Arabia, acquiring half of discount retailer Dukan - 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PLUS: News from Kazyon, Tez Tours, Huawei, B-Well","author":"enterpriseam admin","date":"21 October 2024","format":false,"excerpt":"The redrafted bill will be sent to the cabinet for approval and then referred back to the House","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1696.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659002,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/20\/budget-supermarket-chain-kazyon-is-set-to-fully-acquire-minyas-upper-egypt-for-concentrates-plus-tanmiya-capital-ventures-vital-pharma-bel-egypt-pickalbatros-bolt-akh-gold-erada-micr\/","url_meta":{"origin":614685,"position":2},"title":"Budget supermarket chain Kazyon is set to fully acquire Minya\u2019s Upper Egypt for Concentrates. PLUS: Tanmiya Capital Ventures + Vital Pharma, Bel Egypt, Pickalbatros, Bolt, Akh Gold, Erada Microfinance","author":"enterpriseam admin","date":"20 January 2025","format":false,"excerpt":"The acquisition will be financed via a capital increase of an unspecified size","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1282.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":654879,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/10\/kazyon-to-fuel-morocco-expansion-plans-with-usd-30-mn-from-the-ifc\/","url_meta":{"origin":614685,"position":3},"title":"Kazyon to fuel Morocco expansion plans with USD 30 mn from the IFC","author":"enterpriseam admin","date":"10 November 2024","format":false,"excerpt":"The supermarket chain tapped into the Saudi market in February with a 50% stake purchase of discount retailer Dukan","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/994.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":614732,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/06\/this-evening-another-step-towards-wataniyas-sale\/","url_meta":{"origin":614685,"position":4},"title":"THIS EVENING: Another step towards Wataniya\u2019s sale","author":"enterpriseam admin","date":"6 February 2024","format":false,"excerpt":"Happy hump day, ladies and gentlemen. The news cycle is officially picking up this afternoon, bringing us signs of hope that the state privatization program is moving forward.THE BIG STORY TODAY Gov\u2019t to close bidding for Wataniya in two days: Investors have today and tomorrow to submit their bids for\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/104.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":643035,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/kazyon-wants-to-increase-retail-outlets-to-415-by-the-end-of-2018\/","url_meta":{"origin":614685,"position":5},"title":"Kazyon wants to increase retail outlets to 415 by the end of 2018","author":"enterpriseam admin","date":"28 August 2017","format":false,"excerpt":"Discount supermarket chain Kazyon plans to expand the number of stores it owns to 415 by the end of 2018, the company\u2019s Head of Marketing Ismail Hafez tells Al Mal. the company plans to open 55 retail outlets this year, bringing the total number of stores in 2017 to 265.\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/614685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=614685"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/614685\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/614678"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/614686"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=614685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=614685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=614685"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=614685"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=614685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}