Citadel Capital (CCAP.CA on the EGX), the leading investment company in Africa and the Middle East is pleased to announce the appointment of Joelle Fahmy as Managing Director, where she is primarily responsible for the firm’s network of debt and banking relationships in Egypt and abroad.
Citadel Capital presently controls investments of US$ 9.5 billion across its footprint, including more than US$ 5.1 billion in debt.
Fahmy joins the firm from Citibank N.A. Egypt, where she was most recently Director and the most senior relationship manager / banker in the Corporate Bank, responsible for complex group relationships.
“It’s a pleasure to welcome Joelle to our team as we continue our transformation from Africa’s largest private equity firm into the continent’s leading investment company,” said Citadel Capital Founder and Chairman Ahmed Heikal. “Our debt and banking relationships with export credit agencies, DFIs and major commercial banks nationally, regionally and globally are a key component of our business, and we have every confidence that she will be a valuable addition to the team.”
Having joined Citi in 1998 from Egyptian American Bank, Fahmy has extensive experience in corporate finance, investment banking, credit and relationship banking. She furthermore served as senior support banker for one of Citi Amsterdam’s main relationships during an assignment in Amsterdam in 2001. Her track record also includes significant exposure to consumer banking.
“Citadel Capital is a storied Egyptian multinational undergoing a strategic transformation that has already won the interest of both the investment and banking communities,” said Fahmy. “I look forward to helping lead the transformation as we build out both mega-projects such as the Egyptian Refining Company and add-on investments to existing investments.”
Fahmy holds a BA in economics and a Credit Management Diploma from the American University in Cairo. Her appointment at Citadel Capital was effective as of December 1st 2012.