9 April 2014       Download

Citadel Capital SAE would like to disclose that it had concluded today the second phase of its subscription to a EGP 3,641,875,000 capital increase at par (EGP 5 per share) that saw Citadel Capital’s total issued capital rise to EGP 8,000,000,000 from EGP 4,358,125,000 through the issuance of 728,375,000 new shares, of which 182,093,750 would be preferred shares and 546,281,250 common shares. The Arab African International Bank, in its capacity as the bank charged with the handling of deposits for the subscription process, has informed Citadel Capital that 100% of the shares offered had been subscribed to by shareholders.