Compass Capital facilitates the sale of a controlling stake in Zahran Market to Ezdehar Management for growth-driven expansion in Egypt's retail sector.

Target Information

Cairo-based Zahran Market S.A.E, a prominent retail supermarket chain in Egypt, was established in 1987 by Eng. Mamdouh Zahran as a family-owned business. Initially starting in Alexandria, the company expanded to the North Coast in 1997 and currently operates 16 branches across 7 governorates in Egypt. In 2016, Zahran Market underwent a significant transformation led by the second-generation family members, Karim Zahran and Omar Zahran. They initiated an ambitious expansion strategy that encompassed opening eight new branches, renovating existing stores, and forming strategic partnerships to enhance the brand's market presence.

Zahran Market's business strategy is aimed at increasing its footprint in its current operational regions and exploring new areas across Egypt. The company is focused on expanding its brand and leveraging its established reputation to capitalize on opportunities in the retail sector.

Industry Overview in Egypt

The retail sector in Egypt has been witnessing steady growth, driven by increasing urbanization, a rising middle class, and changing consumer preferences. This sector is characterized by a diverse range of formats, including hypermark