Qalaa Holdings Co-Founder and Managing Director Hisham El-Khazindar and Managing Director Karim Sadek Named Among Top 100 Young African Leaders in Annual Study Conducted by Paris-Based Think Tank

Two members of Qalaa Holdings’ executive leadership team are chosen by Paris-based Think Tank, Institut Choiseul for their prestigious annual listing of young Africans who will play a major role in the future development of the continent

Qalaa Holdings (CCAP.CA on the Egyptian Exchange, formerly Citadel Capital), a African leader in infrastructure and industry, is pleased to announce that its Co-Founder and Managing Director, Hisham El-Khazindar and its Managing Director for the Transportation Division, Karim Sadek have ranked highly on Jeune Afrique’s annual “Top 100 African Leaders Under the Age of 40,” a list compiled by Paris-based Think Tank, Institute Choiseul.

El-Khazindar who is also a World Economic Forum Young Global Leader placed third on the prestigious listing. He co-founded Qalaa Holdings in 2004 with Ahmed Heikal and has since played an instrumental role in growing the firm into the largest private equity investor in Africa and the Middle East with investments of US$ 9.5 billion spanning 15 countries and 15 industries.

“It is an honor to be ranked and recognized amongst such an influential list of young Africans. We have always seen vast potential in African economies,” said El-Khazindar. “But in order for these economies to achieve their full potential we must bridge the knowledge gaps and provide more opportunities for youth to lead the way with new ideas and initiatives. Education will be key; from providing youth with the opportunity to pursue international-standard higher level education to ensuring access to public education and vocational training,” he added.

“Africa has outstanding macro fundamentals—including what will become the world’s largest and fastest-growing working age population by 2040—and a new generation of leaders in business and government are working to reshape the economic and political landscape. I am proud to be identified alongside a group of people who are all working to help African economies achieve their full potential,” said Sadek, who has overseen the successful turnaround of Rift Valley Railways (RVR), the national rail operator of Kenya and Uganda and a unit of Qalaa Holdings in the East African transportation and logistics sector.

The “Choiseul 100 Africa” is an annual listing based on a study conducted by the Institute Choiseul which provides a relevant perspective on Africa’s economic leaders and includes up-and-coming business leaders, successful entrepreneurs, investors, senior executives and high-potential managers of successful companies. The French institute describes the young African leaders as “individuals who embody the dynamism and renewal of a whole continent and carry the hopes of an entire generation.”

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Previous Qalaa Holdings press releases on this subject and others may be viewed online from your computer, tablet or mobile device at qalaaholdings.com/newsroom

Qalaa Holdings (CCAP.CA on the Egyptian Stock Exchange) is an African leader in infrastructure and industry. Formerly known as Citadel Capital, Qalaa Holdings controls subsidiaries in core industries including Energy, Cement, Agrifoods, Transportation & Logistics, and Mining. To learn more, please visit qalaaholdings.com.

Forward-Looking Statements
Statements contained in this News Release that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Qalaa Holdings. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Certain information contained herein constitutes “targets” or “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of Citadel Capital may differ materially from those reflected or contemplated in such targets or forward-looking statements. The performance of Qalaa Holdings is subject to risks and uncertainties.

For more information, please contact:

Ms. Ghada Hammouda
CMO & Head of Corporate Communications
Qalaa Holdings

ghammouda@qalaaholdings.com

Tel: +20 2 2791-4439
Fax: +20 22 791-4448
Mobile: +20 106 662-0002