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Dailynewsegypt > Blog > Business > Egypt’s Citadel plunges 10 pct after travel ban
Business

Egypt’s Citadel plunges 10 pct after travel ban

DNE
Last updated: October 23, 2012 11:21 pm
DNE
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CAIRO: Egypt’s Citadel Capital stock plunged 10 percent on Sunday after the public prosecutor ordered that its chairman, Ahmed Heikal, be banned from travel pending a probe of corruption allegations.

The news of the ban was reported after the close of trade on Thursday. Citadel’s share fell to 4.68 Egyptian pounds on Sunday.

 

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