El-Khazindar Highlights Importance of Entrepreneurship at ECES Seminar

Qalaa Holdings’ development into an African investment powerhouse serves as a model for Egyptian entrepreneurs to grow from local entities into regional successes, says El-Khazindar

Hisham El-Khazindar, Co-Founder and Managing Director of Qalaa Holdings, (CCAP.CA on the Egyptian Exchange), an African leader in energy and infrastructure, underscored the importance of entrepreneurship as the foundation of a successful economy in a seminar organized by the Egyptian Center for Economic Studies (ECES) entitled “Entrepreneurship in Egypt: From Local Individual Successes to Becoming an African Hub.”

The seminar centered on various measures to support and promote entrepreneurship through analytical studies that home in on the individual and diverse aspects of the entrepreneurial environment in Egypt. Participants discussed the possibility of the ECES adopting systematic initiatives that could accelerate the geographic expansion of entrepreneurship across Egypt and expand cooperation into Africa.

El-Khazindar, who made his remarks in the introduction session of the seminar, was joined by Khaled Hanafy, Secretary General of the Union of Arab Chambers, Sherif Kamel, Dean of the Department of Management at the American University in Cairo, Nermine El Tahri, Assistant Sub-Governor for Banking Sector Reform, and Abla Abd El Latif, ECES Managing and Research Director.

Qalaa Holdings was established in 2004 as an entrepreneurial venture by Chairman and Founder of Qalaa Holdings Ahmed Heikal and El-Khazindar, who were able to successfully develop the company into one of the biggest private equity players in Africa with investments across energy and infrastructure while creating more than 15,000 jobs.

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Qalaa Holdings (CCAP.CA on the Egyptian Stock Exchange) is an African leader in energy and infrastructure. Formerly known as Citadel Capital, Qalaa Holdings controls subsidiaries in industries including Energy, Cement, Agrifoods, Transportation & Logistics, and Mining. To learn more, please visit qalaaholdings.com.

Forward-Looking Statements
Statements contained in this News Release that are not historical facts are based on current expectations, estimates, projections, opinions and beliefs of Qalaa Holdings. Such statements involve known and unknown risks, uncertainties and other factors, and undue reliance should not be placed thereon. Certain information contained herein constitutes “targets” or “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Actual events or results or the actual performance of Qalaa Holdings may differ materially from those reflected or contemplated in such targets or forward-looking statements. The performance of Qalaa Holdings is subject to risks and uncertainties.

For more information, please contact:
Ms. Ghada Hammouda
Chief Marketing and Sustainability Officer
Citadel Capital (S.A.E.)

ghammouda@qalaaholdings.com

Tel: +20 2 2791-4439
Fax: +20 22 791-4448
Mobile: +20 106 662-0002

Twitter: @qalaaholdings