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Citadel Q2 net loss narrows

Cairo, October 10, 2013

Egypt's Citadel Capital, a holding company with $9.5 billion under control, said on Thursday its consolidated net loss for the second quarter narrowed to 47.3 million Egyptian pounds ($6.86 million) from 124.2 million a year earlier.

Citadel, which is changing from a private equity firm to an investment holding structure, plans to increase its capital by 3.64 billion pounds in December or January to 8 billion pounds. - Reuters




Tags: Egypt | Citadel |

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