Wednesday 27 May 2015
 
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Palm Hills

Egypt’s Palm Hills raises $212m in share issue

Palm Hills, Egypt's second-biggest listed property developer, said on Monday it had completed a E£1.62 billion ($213 million) share sale to fund growth. Palm Hills said in a statement 96.61 per cent of the rights issue h

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Palm Hills nets solid Q1 profit growth

Egyptian developer Palm Hills has reported a first quarter net profit after minority interests of E£215 million ($28.2 million), up from E£50 million ($6.5 million) in the same period last year, Egypt's second-biggest listed prop

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Palm Hills to develop Cairo residential project

Egypt-based Palm Hills has signed an agreement with real estate developer Madinet Nasr for Housing and Development (MNHD) to establish an integrated residential project on the Cairo-Suez desert road, said a report. As per the agre

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Palm Hills to develop Egypt residential project

Palm Hills Developments has joined hands with Madinet Nasr for Housing & Development (MNHD) to develop two pieces of land in Egypt which is spread over 433,643 sq m, said a report. The land will be owned by the MNHD through th

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Palm Hills to invest $307m in Egypt projects

Palm Hills, the second-largest listed real estate developer in Egypt, is set to invest E£2.2 billion ($307.6 million) into its existing projects in the country this year, said a report. The company will pump E£1.7 bill

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Palm Hills eyes Egypt's commercial property

Palm Hills, Egypt's second-largest listed real estate developer, will begin investing in commercial properties next year and expand its residential operations to meet higher anticipated demand, its co-chief executive said. The

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Egypt SE suspends Palm Hills shares

Egypt's stock exchange has suspended shares of Palm Hills for ten minutes, after the firm announced 1.7 billion Egyptian pounds ($237.76 million) in planned investments next year, according to a statement on the bourse website on Monday.

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Egypt SE suspends Palm Hills shares

Egypt's stock exchange has suspended shares of Palm Hills for ten minutes, after the firm announced 1.7 billion Egyptian pounds ($237.76 million) in planned investments next year, according to a statement on the bourse website on Monday.

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Aabar buys 5.1pc stake in Egypt's Palm Hills

UAE’s state-run Aabar Investments has acquired a 5.1 per cent stake in Egypt's second-largest listed real estate developer Palm Hills, the Abou Rawash-headquartered company said in a statement on Sunday. Palm Hills is va

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Palm Hills appoints new co-CEO

Egypt's second-biggest property developer Palm Hills Developments (PHD) has promoted chief investment officer Tarek Abdel Rahman to the position of co-chief executive officer with immediate effect, it said on Monday. The move

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