Press Releases: Citadel Capital and its Platform Investments
- Citadel Capital Reports Full-Year 2009 Results
March 16, 2010
Strong rise in net asset value, revenues and profits at Middle East and Africa’s leading private equity firm... [more] - Sphinx Glass Announces the Start of Commissioning of its EGP 1.1 Billion Float Glass Factory
March 7, 2010
Sphinx Glass, Citadel Capital’s investment in the highly promising MENA glass industry, undertakes commissioning at its state-of-the-art production facility March 7, 2010 Citadel Capital (CCAP.CA on the Egyptian Stock Exchange), the leading private equity firm in Middle East and Africa with US$ 8.3 billion in investments under control, announced today the start of commissioning at its [...]... [more] - Citadel Capital Hires Industry Expert as Chief Executive Officer of its Financial Services Platform
March 7, 2010
Amr Seif has been appointed to lead Citadel Capital’s fast-growing financial services Platform Company, Finance Unlimited. The company currently controls investments in the Middle East and Africa’s investment banking, microfinance and commercial banking sectors... [more] - Production Up 55% Since December at NOPC / Rally Energy Group
February 24, 2010
Production is up sharply at operations in Egypt and Pakistan as part of an ongoing program to maximize value at Citadel Capital’s heavy oil platform... [more] - Dina Farms Concludes a Deal to Purchase 850 Top-Quality Dairy Cows
February 23, 2010
As part of its ongoing plans to expand and upgrade its dairy facilities, Dina Farms has purchased an additional 850 pedigree Holstein heifers... [more] - NRPMC Inaugurates its River Port in Tanash with Strategic Shipments of Wheat
February 23, 2010
NRPMC’s first river port becomes fully- operational with the initiation of a strategic contract to ship 2 million tons of wheat each year along the River Nile... [more] - Citadel Capital Acquires Stake in Kenya & Uganda’s Rift Valley Railway
February 22, 2010
Citadel Capital has acquired a stake in a storied Kenya-Uganda railway as it begins deploying US$ 200-400 million in East Africa in 2010-12... [more] - ASEC Holding Acquires Additional Stake in ASEC Cement
February 21, 2010
US$ 80 million deal sees ASEC Holding increase its exposure to what will become one of the region’s largest independent cement producers... [more] - TAQA Arabia and ASEC Cement Establish Sudanese Power-Generation Joint Venture with Sudanese Pension Fund
January 17, 2010
42 MW plant marks major milestone for TAQA Arabia’s power-generation business while securing vital energy source for state-of-the-art Sudanese cement plant... [more] - Citadel Capital Seeks to Invest US$ 400 mn in East Africa
January 17, 2010
Africa’s largest private equity firm is pursuing exciting new opportunities in Kenya, Uganda, and Tanzania... [more] - Transfer of Stock by a Major Citadel Capital S.A.E. Shareholder
December 30, 2009
The family of the late Youssef Allam have transferred their shares to a new ownership vehicle, but remain committed shareholders in the region’s leading private equity firm... [more] - Citadel Capital Executes US$ 55 mn Partial Exit of ASEC Holding
December 8, 2009
Citadel Capital announced today that it has partially exited ASEC Holding as well as United Foundries Company, which was recently spun-off from ASEC Holding... [more] - NPC Announces Increased Oil Production in the Shukheir Bay Field
December 3, 2009
Production on the Shukheir Bay-5 ST, in the Shukheir Bay Field of the Shuhkeir Marine Gulf of Suez concession, has been increased from 60 to 1600 barrels of oil per day (BOPD) from the Lower Rudeis sandstone. This raises total production at NPC to 1,908 barrels of oil per day.... [more] - Citadel Capital Wins Top Honors at Private Equity World Awards MENA
November 30, 2009
A panel of industry experts names Citadel Capital the region’s Best Private Equity House, while the firm’s Founder and Chairman is recognized with a Special Merit Award for lifetime achievement ... [more] - Sudanese Egyptian Bank Appoints New Managing Director
November 25, 2009
Veteran banker Amr Bahaa has been appointed the new Managing Director of the Sudanese Egyptian Bank... [more] - Citadel Capital Acquires Nucleus of 18th Platform Investment
November 24, 2009
A leading Egyptian solid waste management company will become the nucleus of a new Platform Company in the highly promising solid waste management sector in the Middle East and Africa region... [more] - Gozour Makes is First Regional Acquisition in Sudan
November 24, 2009
Gozour subsidiary Rashidi El-Mizan has acquired Sudanese confectioner Al-Musharraf ... [more] - Citadel Capital to Go Public
November 23, 2009
The Middle East and Africa’s leading private equity firm will list its shares on the Egyptian Exchange (EGX) in a move that underscores Citadel Capital’s commitment to transparency and creating value for shareholders and limited partners alike... [more] - Citadel Capital Co-Hosts African Venture Capital Association Meeting
November 17, 2009
Citadel Capital’s Co-Founder and Managing Directors play a leading role at the 8th Annual African Venture Capital Conference in Cairo under slogan Africa: The Growth Continent for Private Equity — “Investment Opportunities 2010 and Beyond”... [more] - Diwan Bookstore Opens Cairo University Branch
November 4, 2009
As part of an expansion plan that includes wider outreach to students and consumers in Egypt, Diwan Bookstore has opened a new flagship store inside Cairo University ... [more] - MENA Private Equity in the London Spotlight
November 2, 2009
Citadel Capital Chairman and Founder Ahmed Heikal is a keynote speaker at PEI’s Emerging Markets Private Equity Forum and EMPEA’s Executive Summit on Private Equity in Africa at the London Stock Exchange... [more] - Citadel Capital Invests in Green Platforms
October 29, 2009
The region’s leading private equity firm showcased its green platform investments in energy distribution and Nile River transportation at an American Chamber of Commerce conference attended by former US Vice President Al Gore... [more] - Citadel Capital MD Notes North African Investment Opportunities
October 21, 2009
Alaa El-Afifi addresses the second annual North Africa Trade and Investment Conference in Cairo... [more] - ASCOM Acquires Minority Stake in Gold Miner GMA Resources
October 20, 2009
ASCOM expands its regional mining business with the acquisition of a strategic 9% stake in GMA Resources, a UK-listed gold exploration and production company that owns 52% of a promising exploration and production operation in Southern Algeria... [more] - Citadel Capital Named Top African Private Equity Firm—Again
October 12, 2009
African Banker magazine names leading regional private equity player Citadel Capital its Fund of the Year... [more] - Now is the Time Unlock Growth Opportunities in the Middle East
October 12, 2009
The MENA economies, which posted growth in 2009 despite the global crisis, hold significant untapped opportunities for confident investors, say leaders of the region’s leading private equity firm... [more] - Citadel Capital Hires a General Manager for its East Africa Expansion
October 11, 2009
The firm hires Hassan Massoud as it looks to leverage its emerging markets experience to spur growth in one of the world’s most untapped regions... [more] - Bassem Azab Joins Citadel Capital as a Managing Director
October 4, 2009
Bassem Azab joins Citadel Capital, where he will manage equity placements across the Arab world... [more] - Citadel Capital Hires Mohsen Mansour as a Vice President
October 4, 2009
Mohsen Mansour joins Citadel Capital’s equity team as a Vice President.... [more] - Citadel Capital Takes Center Stage at Euromoney Egypt Conference
September 29, 2009
The region’s leading private equity firm says Egypt proved well-equipped to handle international economic shocks — and is optimistic about unfolding opportunities ... [more] - ARESCO Completes Fast-Tracked Second Production Line at Sinai Grey Cement
September 15, 2009
The turnkey industrial contractor executes a US$ 140 million contract to complete a 4,200 tons per day cement production facility... [more] - Citadel Capital Wins Global Investor Award
September 14, 2009
The region’s leading private equity firm wins the first award for a Middle East private equity firm at Global Investor Magazine’s Annual Awards and Survey event... [more] - Tanmeyah Begins Operating Branches of Microfinance Network in Egypt
August 31, 2009
Citadel Capital’s Platform Company Finance Unlimited, along with an experienced microfinance management team and the Egyptian Gulf Bank, open Tanmeyah Micro Enterprise Services across Cairo and Egypt’s Delta... [more] - The National River Port Management Company Hires New CEO
July 30, 2009
The National River Port Management Company (NRPMC) has recruited Michael J. Power, a former senior executive for one of the world’s leading port operators, as its new CEO... [more] - Citadel Capital Clarification Regarding Libya’s Arab Gas Company
July 22, 2009
Citadel Capital, the Egyptian private equity firm, wishes to clarify that press reports suggesting it has been awarded a tender to build a gas distribution network in Libya are false.... [more] - Citadel Capital Scholarship Foundation Awards 50th Scholarship for International Graduate Education
July 14, 2009
The Citadel Capital Scholarship Foundation awards talented young Egyptian students grants to study at top universities worldwide... [more] - Rashidi El Mizan Launches the Region’s Newest Jam and Tomato Paste Plant
July 14, 2009
The Middle East and North Africa’s leading confectionary announces expanded production capabilities in a move to leverage 120 years of brand equity and food industry expertise... [more] - IFC Invests US$ 24 Million in ASEC Algeria to Create Jobs and Expand Cement Production
July 14, 2009
The investment is IFC’s third to date alongside leading regional private equity firm Citadel Capital... [more] - NRTC Secures Loan to Finance Fleet Construction
July 14, 2009
An EGP 325 million syndicated loan will partially finance the construction of a fleet of state-of-the-art Nile River barges... [more] - Gozour Acquires “Enjoy” from Haykala
June 29, 2009
Gozour, Citadel Capital’s regional foods platform investment, sealed a deal to acquire 100% of the Nile Company for Food Industries (Enjoy) ... [more] - MENA Region’s First Furnishings Mall and Design Center Launches
June 28, 2009
Local and international brands have leased 100% of the first two phases of Designopolis, the region’s first furnishings and design retail center... [more] - Dina Farms Secures EGP 200 Million Loan to Finance New Dairy Expansion
May 31, 2009
Egypt’s largest private farm acquires debt and accelerates momentum on ambitious expansion plans that include the purchase of livestock and the construction of state-of-the-art dairy facilities... [more] - Citadel Capital Appoints CEO for Sabina
May 31, 2009
Agribusiness expert John Elgin takes the helm at Sabina as the platform company begins preparing 254,770 feddans of land for cultivation in Sudan’s White Nile State... [more] - Citadel Capital Ranked Africa’s Top Private Equity Firm
May 31, 2009
Citadel Capital has amassed one of the world’s largest pools of investment capital according to a report from Private Equity International that finds the firm is the 75th largest in the world... [more] - National Petroleum Company Launches Search for New CEO
May 31, 2009
Citadel Capital Managing Director Karim Sadek will lead the search for a globally experienced industry leader to help take NPC to the next level... [more] - Serving the Base of the Pyramid
May 28, 2009
Private-sector leaders in the world’s emerging markets have compelling opportunities to invest in businesses that improve life for large swaths of the population, Hisham El-Khazindar told a Harvard University Arab Alumni Association panel... [more] - Global Finance Community Eyeing MENA Firm’s Private Equity Model
May 16, 2009
At the World Economic Forum for the Middle East, the leading private equity firm in the Middle East and North Africa underscores a business model that has helped it return more than US$ 2.2 billion in cash to investors in just five years... [more] - Finance Unlimited Establishes New Micro-Lending Company
May 13, 2009
Citadel Capital Platform Company Finance Unlimited partners with an experienced microfinance management team and the Egyptian Gulf Bank to establish Tanmeyah Micro Enterprise Services, a company that will help provide low and middle income groups with much-needed access to financing and financial services... [more] - Sphinx Egypt and Citadel Capital Launch Turnaround Fund
April 6, 2009
The International Finance Corporation and European Investment Bank have joined the first closing of a promising new US$ 100 million fund that targets distressed assets in multiple sectors of the Egyptian economy... [more] - Private Equity Leader: Egyptian banks must lend to serious private-sector borrowers
March 23, 2009
Egypt’s banks are rock-solid — the key now is for them to step-up lending to qualified borrowers of all sizes, says the co-founder of the leading MENA private equity firm at the Central Bank of Egypt conference titled “The Banks and You”... [more] - Dina Farms Expands its Dairy Capacity with 1,900 New Milking Cows
March 22, 2009
Dina Farms, Egypt’s leading producer of fresh milk, expands its dairy capacity with the recent acquisition of 1,900 new heifers (pregnant cows).... [more] - The Art of Defensive Investing — Middle Eastern Style
March 17, 2009
The global recession has forced investors to reformulate their strategies. At the March 2009 Euromoney Egypt Investor Conference in London, Citadel Capital Managing Director Marwan Elaraby identified sectors still laden with profitable private equity investment opportunities.... [more] - A Return to Basics
March 16, 2009
Builders of investments, not financial engineers, will thrive in this vintage year for private equity investing in the Middle East and Africa, Citadel Capital Chairman and Founder Ahmed Heikal tells participants at Oxford University’s annual private equity conference.... [more] - Citadel Capital Named emeaFinance’s “Best Private Equity House in Africa”
March 15, 2009
The award is Citadel Capital’s second prominent award win in as many months, highlighting the firm’s success in 2008 despite the global economic downturn. In January, Citadel Capital won Acquisitions Monthly’s MENA Private Equity House of the Year for 2008.... [more] - ASCOM Hires New CEO and Consolidates Its Regional Gold Claims
March 10, 2009
Regional mining group hires Kenneth Crichton, a 23-year veteran of the global mining industry, to head newly formed ASCOM Gold as it continues to develop its concessions in Ethiopia and Sudan... [more] - Private Equity Leader: Egypt Well-Poised to Weather Regional Economic Storm
February 21, 2009
Citadel Capital Managing Director Hisham El-Khazindar says the private-sector’s flexibility and decisive government reforms have left the Arab world’s largest economy better-off than many emerging market peers... [more] - Citadel Capital Named Acquisitions Monthly’s “MENA Private Equity House of the Year”
January 21, 2009
Leading MENA private equity firm recognized for its steady hand in tumultuous 2008 global investment climate... [more] - Citadel Capital Announces Appointment of New Head of Corporate Communications
December 28, 2008
Ghada Hammouda brings 18 years of international marketing, advertising and PR experience to Citadel Capital as the firm shores up its platform companies and looks to harness new opportunities amid the global financial crisis.... [more] - ASEC Cement Reaffirms its Commitment to the Algerian Market
September 18, 2008
ASEC Cement calls Algeria “North Africa’s hottest up-and-coming cement market” as it prepares to launch projects in Djelfa and Wahran... [more] - Industry Veteran Murphy Will Open Citadel Capital Dubai Office
June 27, 2008
Stephen A. Murphy, former Head of Private Placements for Citigroup in Europe, will establish Citadel Capital’s new Dubai office as a platform for global institutional fundraising.... [more]