Magrabi Retail to Acquire Majority Stake in Baraka Optics Group

May 18, 2026

74 min

May 18, 2026 10:31

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

## Strategic Acquisition

Magrabi Retail, the largest eyewear retailer in the Middle East, has announced plans to acquire a 51% stake in Egypt's Baraka Optics Group. This acquisition aims to strengthen Magrabi's presence in the Egyptian market by integrating Baraka into its operations.

## Baraka's Legacy

Founded in 1979 by Mohamed Fathy Ragab, Baraka Optics has grown from a wholesale optics business to a leading optical retail chain in Egypt. The company operates 23 stores under various banners and remains family-owned, with Ahmed Ragab currently serving as Chairman and CEO.

## Market Opportunities

Egypt's economic recovery, marked by a 5.3% GDP growth and increased consumer spending, presents a favorable environment for this acquisition. The optical retail sector in Egypt is fragmented, offering opportunities for consolidation and growth.

## Future Plans

Post-acquisition, Magrabi will manage Baraka's daily operations while maintaining a strategic partnership with its existing shareholders. This move is expected to create synergies in sourcing, supply chain, and retail operations, further enhancing Magrabi's market position.

## Leadership Perspectives

Yasser Taher, CEO of Magrabi Retail, emphasized the alignment in values and the potential for growth in Egypt's premium eyewear segment. Ahmed Ragab expressed confidence in the partnership, highlighting shared values and the opportunity to build on Baraka's legacy.

## Previous Acquisitions

This acquisition is part of Magrabi's broader M&A strategy, following previous acquisitions of Rivoli Group’s vision division and Kefan Optics. Each acquisition aims to elevate industry standards while preserving the heritage of the brands involved.

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