Wednesday 29 June 2016
 
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Palm Hills

Egypt's Palm Hills to deliver 1,800 housing units

Egypt's second-largest listed property developer, Palm Hills, is set to deliver 1,800 housing units this year as per schedule, said a report. This marks an increase over last year when 1,540 units were handed over, reported

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Egypt Palm Hills net profit down 40pc

Egypt's Palm Hills Development Company's first-quarter net profit dropped by more than 40 per cent year-on-year to E£105 million ($11.82 million), the real estate company said in a bourse statement on Monday. Palm Hi

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Egypt's Palm Hills profit soars to $131m

Palm Hills, Egypt's second-largest listed property developer, reported on Sunday a 128 per cent rise in fourth-quarter net profits to E£203.5 million ($25.99 million) from E£89.2 million in the same period last year.

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Palm Hills inks Egypt residential project deal

Palm Hills Development Company, a leading real estate company in Egypt, has signed an agreement with the New Urban Communities Authority (Nuca) to develop an integrated residential project in eastern Cairo on a 500-acre area on a revenue sharing

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Palm Hills in deal to build housing complex in Cairo

Palm Hills Development (PHD) has entered into a agreement with Madinet Nasr Housing & Development (MNHD) to develop a residential community in East Cairo over 433,643 sq m of land, a report said. The estimated value of the pro

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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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