Citadel Capital Chairman Not Subject to Travel Ban

Contrary to a recent report carried by the German Press Agency (DPA), Citadel Capital Chairman and Founder Dr. Ahmed Heikal is not subject to a travel ban.

Contrary to a recent report carried by the German Press Agency (DPA), Citadel Capital Chairman and Founder Dr. Ahmed Heikal is not subject to a travel ban.

Dr. Heikal recently traveled to the Kingdom of Saudi Arabia, among other countries. His travels to Saudi Arabia were exclusively related to his duties as chairman of Citadel Capital.

The Prosecutor General approved on 19 June 2011 the removal of Dr. Heikal’s name from the list of persons subject to a travel ban.

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Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity firm in the Middle East and Africa. Citadel Capital focuses on building regional platforms in select industries through acquisitions, turnarounds, and greenfields executed via Opportunity-Specific Funds. The Firm’s 19 OSFs now control Platform Companies with investments worth more than US$ 8.7 billion in 14 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital has generated more than US$ 2.2 billion in cash returns to its co-investors and shareholders (on investments of US$ 650 million), more than any other private equity firm in the region. Citadel Capital is the largest private equity firm in Africa by PE assets under management (2006-2011, as ranked by Private Equity International). For more information, please visit www.citadelcapital.com.

For more information, please contact:
Ms. Ghada Hammouda
Head of Corporate Communications
Citadel Capital (S.A.E.)

g...@qalaaholdings.com (click to reveal this email)
Tel: +20 2 2791-4439 
Fax: +20 22 791-4448
Mobile: +20 16 662-0002