Qalaa Holdings Concludes Sphinx Glass Sale at $114.2 million

Date: 26 August 2014

Qalaa Holdings (CCAP, Formerly Citadel Capital), announced Sunday that it has concluded the sale of 100% of Sphinx Glass to Saudi Arabia’s Construction Products Holding Company (CPC), through its subsidiary CPC Emirates, The company said in a bourse statement today.

The total value of the transaction is $ 114.2 million (EGP 816 million) while Sphinx Glass employed capital is EGP 430 million.Read more here. Qalaa Holdings (CCAP, Formerly Citadel Capital), announced Sunday that it has concluded the sale of 100% of Sphinx Glass to Saudi Arabia’s Construction Products Holding Company (CPC), through its subsidiary CPC Emirates, The company said in a bourse statement today.

The total value of the transaction is $ 114.2 million (EGP 816 million) while Sphinx Glass employed capital is EGP 430 million.

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