Citadel Capital: Amr El-Garhy to Head Corporate Finance, Investment Review Function

Citadel Capital (CCAP.CA on the Egyptian Exchange), the leading investment company in Africa and the Middle East with US$ 9.5 billion in investments under control, has engaged the distinguished banker Amr El-Garhy as Managing Director and Head of Corporate Finance and Investment Review Function.

El-Garhy joins the firm from the National Investment Bank, where he was serving as Vice-Chairman and Managing Director. At Citadel Capital, he will be charged with ensuring platform and portfolio companies have access to the finance they need to grow efficiently, while monitoring the effective and successful execution of their business plans.

“Amr’s appointment comes as part of our transformation from Africa’s largest private equity firm into the continent’s leading investment company,” noted Citadel Capital Chairman and Founder Ahmed Heikal. “In his new role, he will help ensure Citadel Capital and our platform companies in five core industries, including energy, agrifoods, transportation, mining and cement, have the liquidity they need to deliver on their business plans. Citadel Capital also plans to exit non-core investments over the coming few years.”

I am particularly delighted to have Amr on board with us, having previously worked with him during my time with EFG Hermes, where I was impressed with both his efficiency and leadership skills,” adds Heikal.

El-Garhy joined the National Investment Bank in 2004 and led the institution through significant business restructuring, significantly growing its equity portfolio and leading a number of high-profile transactions and advisory processes of national importance.

He was earlier Deputy CEO of El-Ahli Bank of Qatar, a Managing Director at regional investment bank EFG Hermes, Managing Director for Investment Banking at Fleming-CIIC, Executive Director of the Commercial International Investment Company (CIIC) and a Senior Credit Manager at Commercial International Bank (CIB). El-Garhy has a distinguished track record of service on public and private boards including the Bank of Alexandria, the Egyptian National Railway Authority, the Arab Contractors Co., Suez Cement, the Export Development Bank of Egypt, and Abu Qir Fertilizers Co., among others.

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