| |  | Prior to the crisis ACGC was eyeing some acquisition opportunities along the textiles value chain | | | | | With the onset of the crisis acquisitions were put on hold | | | | | The Group did not pay pre-crisis prices and thus managed to maintain its strong cash position | | | | | This cash can now be used to execute its expansion plans in todays low cost environment | | | | | | | | ACGC, together with Amwal Al Arabia, has a shared liquidity of over EGP 420 million As a Holding Company ACGC is essentially debt free As such ACGC has strong Leverage Capacity | | Assuming a debt-to-equity ratio of 0.5:1.0, ACGC is in the position to raise EGP 820 million | | | | | ACGC has the financial muscle to fund any acquisition or venture it deems value adding Financial Fortitude | |