Citadel Capital Shareholders Approve Rights Issue

Shareholders of Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading private equity firm in the Middle East and Africa, approved an EGP 1.05 billion rights issue at par at an Extraordinary General Meeting held today in Cairo.

Shareholders of Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading private equity firm in the Middle East and Africa, approved an EGP 1.05 billion rights issue at par at an Extraordinary General Meeting held today in Cairo.

Shareholders voted to raise the firm’s capital to EGP 4,358,125,000 from EGP 3,308,125,000 by issuing 210,000,000 new shares at a par value of EGP 5 per share. Newly issued shares include 157,500,000 common shares and 52,500,000 preferred shares. Shareholders will be invited to subscribe to the newly offered shares on a pro-rata basis.

Citadel Capital received approval from the Egyptian Financial Supervisory Authority (EFSA) on 13 July 2011 to call for an EGM specifically to approve the rights issue.

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Citadel Capital SAE (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity firm in the Middle East and Africa. Citadel Capital SAE 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 15 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital SAE has generated more than US$ 2.5 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 SAE 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