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, Chairman Ahmed Heikal said on Monday.
Citadel Capital, which manages $8.3 billion 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.
"Following the share listing, and the shares start trading, then we will examine the size of the rights issue that we would like to do, depending the investments that are be about to finalized," Heikal said in a telephone interview.
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