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
Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading private equity firm in Africa and the Middle East, announced today that Mrs. Amina Youssef Abdel Hadi Allam has transferred 18,295,436 shares of Citadel Capital common stock into the name of Cape Collard Investments Ltd.
“We are delighted that Mr. Youssef Allam’s family remains a significant shareholder in Citadel Capital S.A.E.,” noted Citadel Capital Chairman and Founder Ahmed Heikal. “The Allam family has been an important shareholder in Citadel Capital for four years, and we are pleased that Mr. Magdy Dessouki will continue serving on our Board of Directors, now representing Cape Collard Investments.”
Cape Collard Investments Ltd. holds investments on behalf of the heirs of the late Youssef Allam, who until his death in August 2009 was a valued member of the Citadel Capital Board of Directors.
“I am very pleased to continue as a member of the Citadel Capital Board of Directors,” said Dessouki. “I look forward to serving as a strong advocate for shareholder rights on the board of this important firm, which has generated more than US$ 2.4 billion in cash returns for its co-investors and shareholders since its founding in 2004.”
Cape Collard Investments holds approximately 2.8% of Citadel Capital S.A.E.
Citadel Capital (CCAP.CA on the Egyptian Stock Exchange) is the leading private equity firm focusing on building regional platform investments throughout Africa and the Middle East in select industries through acquisitions, turnarounds, and greenfields executed via Opportunity Specific Funds. Citadel Capital’s 18 OSFs now control Platform Companies with investments worth more than US$ 8.3 billion in 15 industries, including mining, cement, transportation, food and energy. Since 2004, the firm has returned more than US$ 2.4 billion in cash to investors, 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 (2004-2009, as ranked by Private Equity International). For more information, 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