Citadel Capital, a leading investment company in Africa and the Middle East region, saw its assets rise more than five-fold on the balance sheet which hit EGP30 billion ($4.15 billion).
The company saw its full-year aggregate (non
Egypt's Citadel Capital said on Tuesday it has received an offer for its 73.3 percent stake in glass manufacturer Sphinx Glass for $112 million and expects a deal to be completed within two months.
The investment company said
ASEC Engineering and Management, a subsidiary of Citadel Capital, has signed an operations and maintenance (O&M) contract with Mozambican cement producer Cimento Nacionale Ltda.
“This contract with Cimento Nacionale Ltda
Citadel Capital, a leading investment company in the Middle East and Africa region, said it has won approval from its shareholders to increase its capital to 8 billion Egyptian pound ($1.14 billion) from the present EGP4.35 billion.
Citadel Capital, a leading investment company in Africa and the Middle East, has reported a standalone net profit of EGP10.5 million ($1.48 million) in 2013 when compared to a net loss of EGP66.4 million the previous year.
Citadel Capital, a leading investment company in Middle East and Africa region, said it has completed the planned purchases of additional stakes in its platform companies worth EGP3.7 billion ($530 million) as part of its regional strategy.
The National Company for Multimodal Transport (NMT), a unit of top investment company Citadel Capital, has announced plans to start a new container transshipment service between Port Said Port and Sharq Al-Tafrea on the Suez Canal.
Egypt's Citadel Capital cut consolidated net losses in the third quarter by nearly 40 percent, the private equity group said on Thursday, as cost controls improved and as business recovered from years of turmoil in the region.
Rift Valley Railways (RVR), a portfolio company of leading regional investment group Citadel Capital, has re-launched Uganda’s Tororo-Gulu-Packwach rail line that links Kenya with Tororo in Eastern Uganda and Gulu in the north.
Citadel Capital, a leading investment company in the region, has signed a sale and purchase agreement to acquire a 49 per cent stake in float glass manufacturer Sphinx Glass from DH Investors Limited.
Meanwhile, DH Investors Limit