Magrabi Retail signs agreement to acquire a majority stake of leading Egyptian retailer Baraka Optics Group

This partnership fortifies access to premium eye care and eyewear services across Egypt

• Strategic transaction marks MAGRABI’s third major acquisition in eighteen months, further reinforcing the Retailer’s regional leadership and customer reach.

MAGRABI Retail, the Middle East’s largest eyewear retailer, announces the proposed acquisition of 51% of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt. The transaction remains subject to customary regulatory approvals, including clearance from the Egyptian Competition Authority.

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