COMPANY OVERVIEW
Mezzan Holding K.S.C.P. was founded in the 1940s and reincorporated in 1999 under the current holding structure with a paid-up capital of KWD 31.13 million. Today, Mezzan Holding’s operations span across the Gulf and other select markets through 34 vertically integrated operating companies. Our legacy brands, including Al Wazzan, KITCO, and Khazan, coupled with our agency brands, have earned superior brand recognition, consumer loyalty, deep market penetration, and vast market reach.
6
Countries
8,000+
Employees
34,000+
SKUs
1,200+
Brands
110,000
Meals Catered Daily
190,000m2
Manufacturing Facilities
2024 HIGHLIGHTS
Mezzan Holding revenue increased 5.5% year-on-year increase, reaching KWD 286.1 million. This performance was driven by strong results across several key segments. The company focused on enhancing operating revenue, which increased by KWD 6.6 million, and improving gross profit margins, which reached 23.8% for the year.
Revenue stood at KD 187.2 million, reflecting an increase of 5% compared to 2023. The Food Business Line accounted for 65.4% of Group Revenue. The Business Line comprises the following three business divisions: Food Manufacturing and Distribution (generating 53.9% of Group Revenue), Catering (generating 5.9% of Group Revenue), and Services (generating 5.6% of Group Revenue).
Revenue stood at KD 99 million, representing a growth of 6.5% compared to 2023 full-year revenue. The Non-Food Business Line accounted for 34.6% of Group Revenue. The Business Lines comprises the following divisions: FMCG and Healthcare business division (generating 32.5% of Group Revenue) and Industrials (generating 2.1% of Group Revenue).
Total assets
Total revenue
Net profit
KWD Millions
CAGR: 2.9%
Non-Current Assets
Current Assets
KWD Millions
CAGR: 3.0%
KWD Millions
CAGR: 4.2%
Understanding Mezzan
Mezzan Holding is an integrated business with commercial operations in manufacturing, distribution, retail, wholesale, and contract services. The company’s activities, which run through 34 subsidiaries, are grouped into two main business lines: Food Business Line and Healthcare & Consumer Business Line. Each business line directly contributes to Mezzan’s revenue and net profit. Below is an infographic of our business lines and divisions and their contribution to Mezzan Holding’s revenue based on Full Year 2024 audited earnings.
Food Business Line
Generating 65.4% of the company’s revenue, Mezzan’s Food Business Line operates through its Food Manufacturing and Distribution, Catering, and Services divisions.
Healthcare & Consumer Business Line
Generating 34.6% of the company’s revenue, Mezzan’s Healthcare & Consumer Business Line comprises FMCG, Pharmaceuticals, and Industrials.
Mezzan At A Glance
Food Business Line
Food
Manufacturing & distribution
Catering
Services
Revenue (KD Million)
CAGR: 2.5%
Revenue (KD Million)
CAGR: 6%
Revenue (KD Million)
CAGR: -12.7%
Revenue (KD Million)
CAGR: -1.2%
Healthcare & Consumer Business Line
Non-food
Fmcg & healthcare
Industrials
Revenue (KD Million)
CAGR: 4.1%
Revenue (KD Million)
CAGR: 4%
Revenue (KD Million)
CAGR: 5.8%