Kazyon : $50M to accelerate expansion in Morocco, Saudi Arabia & beyond

On January 24, 2026, Development Partners International (DPI), a London-based private equity firm, announced a $50 million follow-on investment to support rapid expansion of Kazyon, the Egyptian discount grocery retailer. The capital will help accelerate store openings, strengthen logistics and deepen presence in Morocco, Saudi Arabia and wider Middle East & North Africa (MENA) markets. Kazyon now operates over 1,600 stores and employs more than 11,000 people, building on prior DPI backing, including a major $165 million equity commitment in 2023 and strategic moves such as acquiring Saudi retailer Al Dukan.