EGYPT
 
Citadel Seeks More Capital
 
Egypt’s Citadel Capital has received regulatory approval from the Egyptian authorities to ask its shareholders to approve plans to raise $528mn in order to acquire a majority stake in companies in which it currently invests.
 
Citadel has billed itself as the “leading private equity firm in the Middle East and Africa with $9.5bn of investments under control.” But it is in the process of transforming itself from a...