Citadel’s Golden Crescent, Sea Dragon Agree to Terminate Sale of NPC Egypt
Citadel Capital, (CCAP.CA), the leading private equity firm in the Middle East and Africa with US$ 9.5 billion in…
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Egyptian Refining Company
Citadel Capital’s Wafra Operation Loss Hits EGP 3.6 Mln; Q1/2012
Ahmed Heikal, Citadel Capital Chairman and Founder, said the company has increased its stakes in Wafra, the firm’s…
Citadel Capital Investments Under Control 8% Up in Q1/2012
Citadel Capital (CCAP.CA), the leading private equity firm in the Middle East and Africa, announced Sunday its…
CIB Contributes With US$ 60 Mln in ERC’s Letters of Guarantee
Commercial International Bank (CIB) approved to contribute in financing the issuing of letters of credit and…
Banks Retreat From Financing US$ 300 Mln LG For ERC
The Egyptian Refining Company (ERC) seems to face financial problems after banks has retreated from financing the…
EFG-Hermes Raises $462 Mln For Citadel Capital’s ERC Finance
In One of Arab World’s Largest Equity Raisings Since Start of 2011, EFG Hermes Investment Banking (HRHO.CA)…
Banque Du Caire Issues EGP 240 Mln Letters Of Credit To ERC
Banque Du Caire has signed, last Thursday, a contract with the Egyptian Refining Company (ERC), a subsidiary of…
ERC Concludes Negotiations Over US$ 300 Mln Letters Of Credit Next Week
Egyptian Refining Company (ERC), subsidiary of Citadel Capital Company, will conclude the negotiations by next week…
CIB Injects US$ 48 Mln In Egyptian Refining Company’s Loan
Six international financial institutions arranging the US$ 2.6 billion loan for Egyptian Refining Company, owned by…
CIB Studies Loan Offered To Egyptian Refining Company
Commercial International Bank (CIB) studies participating in letters of credit (LC) and letters of guarantee (LG)…
