Palm Hills Development Co SAE (PHDC)

Cairo – Mubasher: El Mansour & El Maghraby Investment & Development reduced its shareholding in Palm Hills Developments Company to 39.85% from 41.19%, according to a bourse disclosure. El Mansour & El Maghraby sold 39.41 million shares in the …

Cairo – Mubasher: The net consolidated profit after income tax and non-controlling equities of Palm Hills Developments Company registered EGP 1.58 billion in 2023, up from EGP 1.25 billion a year earlier. Revenues jumped to EGP 17.46 billion last …

Cairo – Mubasher: EFG Hermes, the leading investment bank in Frontier and Emerging Markets (FEM) under EFG Holding, and Palm Hills Developments Company jointly closed an EGP 421 million securitised bond. The issuance comes in line with the newly …

Cairo – Mubasher: Palm Hills Developments Company witnessed higher consolidated net profits after tax at EGP 1.12 billion in the first nine months (9M) of 2023. The 9M-23 net profits were compared with EGP 910.86 million in 9M-22, including …

Cairo – Mubasher: Palm Hills Developments Company acquired 374 feddan from the New Urban Communities Authority (NUCA) adjacent to the company’s flagship district Palm Hills October, according to a bourse disclosure. The development project will …

Cairo – Mubasher: Palm Hills Developments Company recorded consolidated net profits after tax worth EGP 638.82 million in the first half (H1) of 2023, versus EGP 561.79 million in H1-22, including minority shareholders’ rights. The real estate …

Cairo – Mubasher: The consolidated net profits after tax and minority interest of Palm Hills Developments Company stood at EGP 252.67 million in the first quarter (Q1) of 2023. The recorded net profits were lower by 14% year-on-year (YoY) than an …

Cairo – Mubasher: Palm Hills Developments Company registered consolidated net profits after tax worth EGP 1.29 billion in 2022, an annual hike from EGP 856.06 million, including non-controlling equity. The revenues jumped to EGP 13.60 billion last …

Cairo – Mubasher: Palm Hills Developments’ board approved unanimously submitting a proposal to the extraordinary general meeting (EGM) for an EGP 120 million issued and paid-up capital cut through the cancellation of 60 million treasury stocks at …

Cairo – Mubasher: Palm Hills Developments reported EGP 910.86 million in consolidated net profits after tax during the first nine months (9M) of 2022, a surge from EGP 635.78 million in the same period in 2021. Earnings per share (EPS) reached EGP …

Cairo – Mubasher: Palm Hills Developments has logged consolidated net profits after tax worth EGP 561.79 million during the first half (H1) of 2022, an annual increase of 13% from EGP 495.70 million, including minority interest. Revenues jumped by …

Cairo – Mubasher: Palm Hills Developments has reported consolidated net profits worth EGP 305.80 million in the first quarter (Q1) of 2022, versus EGP 217.39 million, including minority shareholders’ rights. The revenues amounted to EGP 2.90 …

Cairo – Mubasher: Palm Hills Developments has increased its 15.35% stake in the International Company for Leasing (Incolease) to 18.23%. The real estate developer purchased 576,001 shares from the latter in exchange for EGP 23.61 million at an …

Cairo – Mubasher: The ordinary general meeting (OGM) of Palm Hills Developments has approved a cash dividend distribution of EGP 0.10 per share for 2021. The cash dividend payout aggregates at a total value of EGP 304.06 million, according to a …

Cairo – Mubasher: The extraordinary general meeting (EGM) of Palm Hills Developments has approved the issuance of a Sharia-compliant Sukuk worth EGP 3.25 billion, in cooperation with Tharwa Securitization Company. Through the Sukuk issuance, the …

Cairo – Mubasher: Palm Hills Developments has acquired a 7.97% stake in the International Company for Leasing (Incolease) in exchange for EGP 65.35 million. Palm Hills has acquired 1.59 million shares in Incolease at a price of EGP 41 per share, …

Cairo – Mubasher: The consolidated net profits of Palm Hills Developments increased by 14.26% to EGP 856.06 million in 2021, compared to EGP 749.17 million in 2020, including minority shareholders' rights. The company's revenues jumped by 48% …

Cairo – Mubasher: The board of Palm Hills Developments has approved Sharia-compliant Sukuk issuance worth EGP 3.25 billion to finance Badya project, in cooperation with Sarwa Capital. The board also agreed on the disclosure form to reduce capital …

Cairo – Mubasher: Palm Hills Developments (PHD) has completed its seventh securitisation bond issuance backed by a receivables portfolio of around EGP 1.05 billion, in cooperation with Sarwa Capital, a subsidiary of Contact Financial Holding. …

Cairo – Mubasher: Palm Hills Developments achieved a net profit after tax and minority interest worth EGP 635.49 million during the first nine months of 2021, a year-on-year (YoY) increase of 24% from EGP 514.54 million, according to the …

Cairo – Mubasher: The board of directors of Palm Hills Developments (PHD) approved a securitisation issuance worth EGP 1.1 billion.  The board has authorised the Chairman individually or the two board members Ali Thabet Farghaly and Amr Hassan …

Cairo – Mubasher: Palm Hills Developments announced that its wholly-owned subsidiary Palm Hills for Investments and Real Estate Development signed a syndicated loan agreement worth EGP 2.5 billion with Banque Misr and the National Bank of Egypt …

Cairo – Mubasher: Palm Hills Developments has spent the total proceeds of its capital raise subscription listed on 30 December 2018, amounting to EGP 1.53 billion.  A total of EGP 558 million has been invested in the development of Badya project …

Cairo – Mubasher: Palm Hills Developments reported net profits of EGP 495.51 million in the first half (H1) of 2021, up by 75.6% year-on-year (YoY) from EGP 282.04 million, including minority shareholders' rights.  The property developer's net …

Cairo - Mubasher: The ordinary general meeting (OGM) of Palm Hills Developments approved the signing of an agreement with Arab African International Bank (AAIB) as well as other agreements with subsidiary and sister companies.  The company's …