The region's leading private equity firm participates in this year's Euromoney Egypt Conference with a high-profile delegation that includes two of the firm's Managing Directors as well as three CEOs on the Platform and Portfolio Company levels.
Citadel Capital (CCAP.CA on the Egyptian Stock Exchange), the leading private equity firm in the Middle East and Africa is a lead sponsor of this year’s Euromoney Egypt Conference, which is being held under the banner “Competing for Investment, Investing in Competitiveness” on September 28-29 in Cairo.
Amr El-Kadi, Head of Investor Relations at Citadel Capital, will join a group of regional heavyweights for the opening panel of the conference that takes a top-down view of the strategic direction of Egypt’s economy with an analysis of the key events of 2010. Panelists will discuss some of the major challenges that Egypt currently faces and possible remedies.
“Egypt has weathered the global economic crisis better than the majority of its peers, both regionally and globally,” says El-Kadi. “Across the spectrum of industries, national companies are becoming regional champions by drawing on the fundamental strength and competitive advantages of the local economy.” “Sustainable growth is in the offing and the path forward will become even smoother as policymakers provide clarity about the next steps in the economic reform process.”
Citadel Capital will also be hosting its third annual Euromoney workshop, ‘Creating Regional Champions.’ The workshop will give an overview of Citadel Capital’s business model and the fundamentals of the firm’s proven strategy of investing in strong local companies to serve as platforms for regional expansion.
“Investing in strong national companies that have the potential to become regionally competitive in high-growth industries is fundamental to our business model and we have an unmatched track record of proven success in this regard,” says Citadel Capital Managing Director Amr El-Barbary.
El-Barbary will be moderating this year’s workshop, which will put the spotlight on greenfield microcredit lender Tanmeyah and Sudanese agricultural production platform, Wafra. Senior executives from Wafra and Tanmeyah will present case studies that detail how they are in the process of transforming their respective businesses into dynamic, regionally competitive entities.
Amr Seif, Managing Director of Finance Unlimited, Citadel Capital’s Platform Company for investment in the regional financial services industry, will be participating in a panel on Institutional Investors. The panel will focus on ways to mobilize domestic asset managers and attract more international capital to Egypt.
“We cannot expect to attract large volumes of foreign capital before we see domestic capital deployed for the same opportunities that we are trying to market to the outside world. Foreign institutional investors want to be reassured that they are investing in a stable economy with the proper regulatory framework and a sufficient amount of liquidity so that they may easily exit their investments,” said Seif.
Euromoney is the premier financial gathering that brings together policy-makers and senior government officials with financiers, investors and business professionals to discuss past successes and future challenges.
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$ 8.3 billion in 14 countries spanning 15 industries, including mining, cement, transportation, food and energy. Since 2004, Citadel Capital 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 is the largest private equity firm in Africa by PE assets under management (2005-2010, 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 2791-4440
Fax: +20 22 791-4448
Mobile: +20 16 662-0002