Egypt's Citadel Q2 net loss narrows 62 pct from last year

CAIRO (Reuters) - Egypt's Citadel Capital, a holding company with $9.5 billion under control, said on Thursday its consolidated net loss for the second quarter narrowed to 47.3 million Egyptian pounds from 124.2 million a year earlier.

Citadel, which is changing from a private equity firm to an investment holding structure, plans to increase its capital by 3.64 billion pounds in December or January to 8 billion pounds.

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