Egypt’s Citadel Capital lists shares

Cairo, Nov 23 - Cairo-based private equity firm Citadel Capital has listed its shares on Egypt’s stock exchange in preparation for a likely rights issue in the coming months, Ahmed Heikal, chairman, said on Monday.

Citadel Capital, which manages $8.3bn in investments, has said it is looking to expand its investments in Middle East and East African countries, especially those with big domestic markets such as Algeria, Egypt, Sudan, Ethiopia and Kenya.