Magrabi Retail acquires 51% stake in Egyptian retailer Baraka Optics Group

🕶️ Regional giant Magrabi Retail will acquire 51% of homegrown optical group Baraka Optics a joint statement (pdf)

Baraka Optics Group will be integrated into Magrabi Retail after the transaction is closed.

No one is exiting the business.

The agreement includes structured put-and-call options mapped out for 2028 and 2030 to give the family ultimate optionality if Magrabi decides to track toward a regional IPO.

Maximizing valuation? with Dubai-based Rivoli Vision Kuwait’s Kefan Optics a potential IPO

Overlapping stores will stay open.

Operational logic beats optics:

The perimeters of the play only cover optics: Baraka Magrabi

The move is still subject to customary regulatory approvals