Thursday 18 September 2014
 
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Citadel Capital

Citadel Capital assets surge 5-fold to $4bn

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

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Citadel to sell Sphinx Glass stake for $112m

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

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ASEC Engineering wins Mozambique deal

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

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Citadel wins approval for $1.14bn capital hike

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.

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Citadel Capital swings to $1.4m net profit

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. Announc

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Citadel completes $530m investment purchases

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.

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Citadel unit to launch container service on Suez

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.

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Citadel cuts net loss as regional unrest eases

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.

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Citadel firm RVR in Uganda rail upgradation

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.

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Citadel to acquire 49pc stake in Sphinx Glass

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

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