Wafra is Qalaa Holdings’s platform company for agricultural production in Sudan and South Sudan and includes the rights to more than 500,000 feddans of land through investments held under portfolio companies Sabina (324,000 feddans in Sudan) and Concord Agriculture (250,000 feddans in South Sudan). Wafra engages in large-scale cultivation of cash crops including grain sorghum, maize, sunflower, rice and various grain legumes for sale in the local market. In 2012, the Sabina farm completed the rehabilitation of more than 200 km of irrigation canals that will supply water to its own land as well as 13,000 feddans for local farmers. Sabina has also completed demarcation of its 324,000 feddans of farmland that has established clearly defined lines on both topographical maps and on the ground to insure that all stakeholders are aligned.

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    Citadel Capital reports a more than ten-fold rise in aggregate EBITDA at operational core and non-core platform companies as it seeks majority stakes in most of its investments in five core industries via ongoing EGP 3.64 billion share issuance
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  • Citadel Capital Reports 2Q13 Results: Standalone Net Profit of EGP 3.5 mn, 61.9% YOY Narrowing of Consolidated Loss, 1.7% Rise in Aggregate Revenues and 12.9% hike in EBITDA at Operational Core Platforms


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  • Citadel Capital Reports 1Q13 Results: Standalone Net Profit of EGP 5.3 million, a 20.6% Narrowing Consolidated Loss, and Aggregate Revenues Stable at Operational Core Platforms in 1Q13


    As the firm's transition into an investment company positioned to create long-term shareholder value continues, Citadel Capital posts standalone net profit in 1Q13 (against a loss in 1Q12), a substantial narrowing of consolidated losses and stable performance at operational core platforms in the firm's five core industries: energy, transportation, agrifoods, mining and cement
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  • Citadel Capital Reports Improvement in FY12 Results With Aggregate EBITDA at Core Operational Platforms Rising to EGP 111.4 mn from Minus EGP 0.1mn in FY11 on the Back of Strong Performance of Underlying Businesses, Cost Control


    As the firm transitions its business model to an investment company that will create long-term value for its shareholders, it has shifted to a new reporting methodology that places more emphasis on aggregate financial performance at its eight operational platforms in 5 core industries; energy, transportation, agrifoods, mining and cement which are underpinned by outstanding macroeconomic fundamentals. The new methodology presents a more accurate picture of financial and operational performance
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  • Ahmed Heikal Named One of Africa’s Most Influential People in 2012


    Pan-African current affairs magazine, New African, has named Ahmed Heikal one of the 100 Most Influential Africans of 2012, citing his 'distinctly pan-African vision,' concrete achievements at portfolio company Rift Valley Railways, and his successful efforts to bring important Egyptian and African issues to the international stage
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