Egypt Regulator Extends Citadel Capital’s Rights Issue until February 13

By Yomna Yasser On Jan 21, 2014

The Egyptian Financial Supervisory Authority (EFSA) approved Citadel Capital (CCAP.CA)’s request to extend the period of subscription to the company’s rights issue until February 13, 2014.
The leading investment company launched on December 28 subscription to 182,093,750 preferred shares and 546,281,250 common shares at EGP 5 par value each, totaling EGP 3,641,875,000.
Shareholders of record till the close of trading on Thursday, December 19, 2013 were entitled to subscribe to its secondary offering within 83.565% of owned equities.