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.
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
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
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
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
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
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
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
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.
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.