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Original Headline
Citadel Capital Shareholders Approve Capital Increase
Publication
Arab Finance
Publication Date
4 August 2011

Shareholders of Citadel Capital, 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 Shareholders Approve Capital Increase