Qalaa Holdings, formerly Citadel Capital, has reported a gross profit of EGP238.1 million ($33.2 million) in the first quarter of 2014 (1Q14), marking a 46 per cent increase over the corresponding period in 2013.
The company accor
Egypt's Citadel Capital said it was selling its majority stake in the Sudanese Egyptian Bank to the Islamic Solidarity bank of Sudan for $22 million.
The move is part of a programme to shed non-core assets and focus on energy,
Citadel Capital, a leading investment company in the Middle East and Africa, has received regulatory approvals to close its capital increase with full subscription on April 9.
The rights issue will bring the fi
Citadel Capital, a leading regional investment company, said its subsidiary ASEC Cement is looking to divest its minority stake in Algeria's Zahana Cement Company as part of its drive to focus on majority-owned investments and drive efficien
Citadel Capital, a leading investment company in the Middle East and Africa, has appointed Ahmed El Rashidi to head a portfolio of food processing companies.
The group includes leading Egyptian confectioner Rashidi El-Mizan, juice
Citadel Capital, a leading investment company in the region, said it has completed asset purchases and add-on investments worth a combined EGP2.63 billion ($376.2 million).
The new acquisitions and follow-on investments are part o
Shareholders of Citadel Capital, a leading investment company in Africa and the Middle East, approved the launch of an EGP3.64 billion ($526.9 million) share issuance to increase the capital at an extraordinary general meeting held recently in C
Egypt's Citadel Capital, a holding company with $9.5 billion under control, said on Thursday its consolidated net loss for the second quarter narrowed to 47.3 million Egyptian pounds ($6.86 million) from 124.2 million a year earlier.
Citadel Capital, a Cairo-based private equity firm, has appointed Amr El-Garhy as managing director and head of corporate finance and investment review function.
The appointment follows the departure of managing director Marwan El
Mashreq Petroleum, a core platform company of Citadel Capital, has signed a 30-year concession agreement to build fuel bunkering terminal and logistics hub on the Suez Canal.
The unique tank farm in East Port Said Port on the nort