Egypt’s Citadel Capital styles itself as the “leading private equity firm in the Middle East and Africa with $9.5bn of investments under control.” However, Citadel is in the process of transforming itself from a “hybrid private equity company” with small minority stakes in 19 companies into an “investment company” with larger stakes of up to 100% in “five core industries.”

Of these energy is the most important. Of its 19 current investments it is looking to maintain 10 – including four in the energy sector (see diagram). In addition the company’s key planned new investment is in Egyptian LNG import and re-gasification. (CONTINUED - 729 WORDS)