Egypt's Citadel Capital Says To List Shares On Egypt Bourse
"This listing will give Citadel Capital new flexibility in accessing equity capital markets at a later date, furthering our ability to invest in our own deals as a principal investor," the firm's chairman Ahmed Heikal said in an emailed statement.
The management of the firm won't sell any shares, Heikal said, adding that the listing will make it easier for Citadel "to raise its own capital in the future."
Citadel, which manages investments to the tune of $8.3 billion in the Middle East and Africa, is currently exploring new investment opportunities in Saudi Arabia, Egypt, Iraq and north and east Africa, the company said.
-By Maria Abi-Habib, Dow Jones Newswires; +9714 364 4962; maria.habib@dowjones.com
Copyright (c) 2009 Dow Jones & Co.
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Publié le 23 novembre 2009 Copyright © 2009 Dowjones
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