African investment manager Citadel Capital has been rebranded with an Arabic name and chairman Ahmed Heikal has increased his stake, following an 8 billion Egyptian pound (€827 million) capital injection into its lead investor.

Heikal, the founder of Cairo-headquartered Qalaa Holdings - the new name for Citadel - has raised his stake in Citadel Capital Partners, the main investor in Qalaa, by 4%, according to a statement.