Kazyon, the Leading Discount Grocery Retailer in the Arab World and Africa Acquires a 50% Equity Stake in Dukan, Expanding Its Footprint Into Saudi Arabia

LONDON–(BUSINESS WIRE)–Kazyon Limited, the UK parent company of Kazyon, today completed the acquisition of 50% of the equity share capital of Dukan for SAR 250m, expanding its operations into Saudi Arabia, the largest grocery retail market in the region at c.USD 40bn of annual turnover. Founded in 2013 and operating over 100 stores, Dukan is the sole grocery discount retailer in Saudi Arabia. The acquisition was structured via a capital increase, allowing invested capital to be used to accele

Read More

Business Wire Merger/Acquisition News