Amethis has completed a majority investment in Kazareen Textile Group, enhancing the latter's growth potential in Egypt's textile sector.

Target Information

Kazareen Textile Group (KTG), founded in 1990 and headquartered in the United Kingdom, is a leading vertically integrated textile manufacturer based in Egypt. KTG specializes in the B2B segment and primarily earns its revenue from exports to Africa, Europe, and the Gulf Cooperation Council (GCC). The company operates across four complementary business lines: apparel, hotel linen catered to luxury hotel chains, textile accessories, and knit fabrics. Furthermore, KTG distributes corporate promotional clothing and workwear in Germany, France, Austria, and Switzerland. With seven production facilities in Egypt and additional subsidiaries in Canada, France, and Germany, KTG is well-positioned to expand its market reach.

KTG's investment by Amethis is set to bolster the company's ambitious expansion plans while upholding its high environmental, social, and governance (ESG) standards. Sam Abboud, KTG’s shareholder and CEO, expressed enthusiasm for the partnership with Amethis, underscoring their optimism regarding the company's trajectory in Egypt and the significant support Amethis will provide in achieving strategic growth targets without compromising shareholder value.

Industry Overview in Egypt

The textile industry in Egypt has experienced a notable transformation, driven by favorable government policies aimed at enhancing production capabilities and boosting export potential. As a key sector of the Egyptian economy, t