The company was founded in 2014 by Mr. Hassan Heikal. Kazyon’s shareholders include: (i) ADP III, a fund managed by Development Partners International (35.5%), (ii) Challender Universal Limited (20.6%) and Supreme Universal Holdings (9.1%), both owned by members of Qatar Royal Family and (iii) HE Partners Limited, owned by Mr. Hassan Heikal (7.9%), (iv) Red Hawk Long Term Investments Limited, owned by EFG Hermes and a charitable foundation in the United Kingdom (8.3%), with the remaining 18.6% ownership held by several institutional and individual investors.

 IFC is proposing an 8-year financing package in the form of an A Loan of up to US$30 million to support Kazyon Morocco’s investment program over the next three to five years.                                                  

  Kazyon Morocco is headquartered in Casablanca. The company’s DC is located in Mohammedia city between Casablanca and Rabat in the region of Casablanca-Settat, with its stores network spanning across Casablanca and Rabat. Kazyon Morocco plans to expand into new cities like Tangier and Marrakesh.                                                 

 This is a Category B project according to IFC's 2012 Policy on Environment and Social (E&S) Sustainability as the proposed project will have limited adverse E&S impacts that are few, site specific, largely reversible and readily addressed through existing mitigation measures and good international industry practices (GIIP). Key E&S risks and issues associated with the project include (a) the company’s management and monitoring systems to identify and mitigate E&S risks and impacts from its activities, including operations in Morocco; (b) fair, safe and healthy labor and working conditions for the workers and contractors including management of occupational health and safety (OHS), (c) management of life and fire safety (LFS) and emergency preparedness