Qalaa Holdings first-half revenues up by a third, Egypt
Qalaa Holdings (formerly Citadel Capital) released its consolidated financial results for the quarter ending 30 June 2015, reporting revenues of EGP2086.8m, up 33.7 per cent com...
Asec Cement
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Qalaa Holdings to boost output of Al Takamol plant, Sudan
Egyptian-based Qalaa Holdings is to boost output of the Al Takamol cement plant in Sudan to 800,000t in 2016. Abdalla ElEbiary, MD of Qalaa, said last week that it plans to enha...
Qalaa Holdings to focus on core subsidiaries, including cement
Qalaa Holdings has signed a set of agreements with Financial Holdings International (FHI), one of Qalaa’s major co-investors, through which Qalaa will acquire from FHI additiona...
Qalaa Holdings topline growth boosted by ASEC Cement's Sudan subsidiary
Qalaa Holding reported a 43 per cent rise in revenue for the three months to the end of March 2015 to EGP1947.5m and an eight-fold surge in EBITDA growth to EGP275.8m. The compa...
ASEC in talks to sell Zahana stake, Algeria
ASEC Cement, a subsidiary of Citadel Capital, is looking to divest its minority stake in Zahana Cement Company of Algeria. In a statement released yesterday, Citadel Capital sai...
ASEC Minya Cement launches sulphate resistant cement
ASEC Minya Cement has launched its sulphate resistant cement (SRC) entitled ‘ASEC Al Mokawm.' The SRC type protects concrete from the effects of sulphate salts which are usually...
ASEC Minya launches clinker production at 2Mta plant, Egypt
Citadel Capital announced that ASEC Minya (formerly the Arab National Cement Company), a key subsidiary of portfolio company ASEC Cement, has started the production of clinker a...
ASEC signs training programme initiative with Minya University, Egypt
ASEC Minya and ASEC Ready Mix, two subsidiaries of ASEC Cement have signed a memorandum of understanding (MoU) with Minya University to help prepare students with the skills the...
ASEC Cement completes Zahana overhaul in Algeria
Citadel Capital announced today that a key subsidiary of portfolio company ASEC Cement has completed a significant overhaul.