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
8,800+
Employees
34,000+
SKUs
1,200+
Brands
110,000
Meals Catered Daily
190,000m2
Manufacturing Facilities
2023 HIGHLIGHTS
Mezzan's 2023 results have demonstrated the robust resilience of its business model, showcasing a promising trajectory for sustainable growth. This sets a positive tone for future initiatives and strategic endeavors.
Kuwait exhibited a strong performance in its food sector, leading to a 10% increase in revenue year-on-year. The standout segment within the Kuwait Food division was the manufacturing and distribution of chips and salty snacks, driven by the launch of new products. Additionally, the bottled water segment and the overall food distribution sector significantly contributed to this growth.
The healthcare segment also exhibited robust performance, driven by the resumption of exports to Saudi Arabia. Following the completion of maintenance work at Mezzan’s pharmaceutical manufacturing unit (KSPICO), the unit resumed production and began exporting to GCC countries, with the Saudi market representing the largest share of its exports.
Mezzan's operational capabilities saw notable improvements. Efforts were focused on increasing operating revenue, which rose by KD 10.4 million, and on boosting gross profit margins, which reached 22.7% for the year. This progress was driven by our strategic initiatives to launch and develop new products and to concentrate only on contracts and businesses that align with our goal of engaging in accretive ventures.
Total assets
Total revenue
Net profit
KWD Millions
CAGR: 1.6%
Current Assets
Non-Current Assets
KWD Millions
CAGR: 4.0%
KWD Millions
CAGR: 15.0%
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 2023 audited earnings.
Food Business Line
Generating 65.7% 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 34.3% 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: 2.1%
Revenue (KD Million)
CAGR: 5.9%
Revenue (KD Million)
CAGR: -10.0%
Revenue (KD Million)
CAGR: -4.1%
Healthcare & Consumer Business Line
Non-food
Fmcg & healthcare
Industrials
Revenue (KD Million)
CAGR: 8.4%
Revenue (KD Million)
CAGR: 8.7%
Revenue (KD Million)
CAGR: 5.2%