CAIRO: Egyptian private equity firm Citadel Capital said on Wednesday it raised LE 438 million ($73.5 million) in a rights issue that was 41.72 percent subscribed.
Citadel had said it intended to raise its capital by LE 1.05 billion to LE 4.4 billion from 3.3 billion by issuing 210 million new shares at a par value of LE 5 a share.
Shareholders will be able to subscribe to the remaining amount as soon as the necessary approvals are obtained, a statement e-mailed by the firm said.
Citadel Capital has $8.7 billion investments under its control.
