Palm Hills Development Co SAE News - Mubasher Info
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28 May 09:27 AM

Palm Hills Development Co SAE (PHDC)

Last update: 25 May 01:29 PM market time.
15.17
0.85
5.94%
Open 14.32
Previous Close 14.32
High 15.25
Low 14.32
Stock Statistics
Volume 43,433,586
Turnover 641,523,008.00
All data are 15 minutes late during market session

News

The remaining amount of the proceeds stands at EGP 225 million
20 April 2021 03:31 PM Palm Hills uses EGP 1.3bn of capital raise proceeds
Cairo – Mubasher: Palm Hills Developments (PHD) used EGP 1.314 billion of its capital raise subscription proceeds. The real estate developer spent EGP 445 million in developing Badya West Cairo over 3,000 feddans and EGP 50 million in developing a …
Companies Investments
Shareholders approved the waiver of 50% of a 1.283-feddan land to NUCA
4 April 2021 00:58 PM Palm Hills shareholders approve dividends for 2020, capital cut
Cairo – Mubasher: The ordinary general meeting (OGM) of Palm Hills Developments (PHD) approved a proposal to distribute EGP 0.10 per share as cash dividends for 2020. A total of EGP 304.05 million will be paid in a lump sum as cash dividends for …
Cash Dividends
The company’s issued capital will be reduced by EGP 72.7 million
22 March 2021 00:40 PM FRA approves Palm Hills capital reduction
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of the disclosure form submitted by Palm Hills Developments (PHD) to cut its capital. The disclosure form includes the board’s decision to reduce the …
Corporate Actions
The King’s School in The Crown will extend over an area of 40,000 square metres
15 March 2021 05:42 PM Palm Hills partners with Inspired to launch first King’s School in Egypt
Cairo – Mubasher: Palm Hills Developments (PHD) announced the launch of the first King’s School in the The Crown project in West Cairo in partnership with Inspired Education Group (Inspired), according to a bourse disclosure on Monday.  The school …
Company News
The company decided to waive 50% of a land plot in New Sphinx City to NUCA
1 March 2021 06:03 PM Palm Hills Developments to acquire 28% of Palm Hills Education
Cairo – Mubasher: The board of directors of Palm Hills Developments (PHD) approved the purchase of a 28.16% stake in Palm Hills Education from El Mansour and El Maghraby for Investment and Development for EGP 4.19 million. The board also decided …
Mergers and Acquisitions
The board of directors recommended a cash dividend distribution of EGP 304 million
1 March 2021 04:23 PM Palm Hills Developments posts 15% lower profit in 2020; dividends proposed
Cairo – Mubasher: Palm Hills Developments (PHD) reported consolidated net profits of EGP 717.76 million in 2020, down by 15.2% year-on-year (YoY) from EGP 846.78 million, including minority shareholders’ rights. Revenues fell to EGP 5.21 billion …
Cash Dividends
The total value of the syndicated loan amounts to EGP 1.28 billion
19 January 2021 01:49 PM Palm Hills Developments approves long-term syndicated loan deal
Cairo – Mubasher: The board of directors of Palm Hills Developments (PHD) approved the long-term syndicated loan agreement signed with the National Bank of Egypt (NBE) and other banks. The EGP 1.28 billion loan will be used to refinance the …
Banking and Finance
Each GDR represented 20 ordinary shares of PHD
23 December 2020 10:54 AM Palm Hills cancels listing of GDRs
Cairo – Mubasher: Palm Hills Developments (PHD) announced the cancellation of procedures to list its Global Depositary Receipts (GDRs) on the official list of the Financial Conduct Authority (FCA) and on the main market of the London Stock …
Company News
Palm Hills has securitised gross receivables worth EGP 3.6 billion
29 November 2020 11:08 AM Palm Hills closes securitisation bond backed by EGP 1.5bn receivables
Cairo – Mubasher: Palm Hills Developments has closed its fifth and largest securitisation bond backed by a receivables portfolio worth EGP 1.5 billion in collaboration with the Arab African International Bank (AAIB) and CI Capital Holding for …
Bonds
The property developer registered revenues of EGP 3.55 billion
16 November 2020 00:02 PM Palm Hills Developments reports 10% lower profit in 9M
Cairo – Mubasher: Palm Hills Developments (PHD) logged EGP 536.55 million in net profits during the first nine months of 2020, down by 9.8% year-on-year (YoY) from EGP 595.02 million, including minority shareholders’ rights. The property developer …
Financial Results
The estimated investment cost of the project is EGP 1.6-1.9 billion
29 September 2020 11:06 AM CI Capital's Taaleem inks deal to establish university in Badya
Cairo – Mubasher: Taaleem Management Services Company, a minority-owned investment of CI Capital Holding for Financial Investments, signed a shareholder agreement with Palm Hills Developments  (PHD) to build a university in PHD’s flagship project …
Companies Investments
The facility will enable the company to promote the sale of its “ready to move” units
7 September 2020 05:31 PM Palm Hills signs EGP 1bn facility deal with NBE
Cairo – Mubasher: Palm Hills Developments (PHD) signed a facility agreement worth EGP 1 billion with the National Bank of Egypt (NBE) through utilising receivables from the sale of “ready to move” units. The facility will enable the company to …
Banking and Finance
PHD achieved net profits of EGP 276.585 million in six months
1 September 2020 02:19 PM Palm Hills approves EGP 1bn securitisation issuance
Cairo – Mubasher: The board of directors of Palm Hills Developments (PHD) approved a securitisation issuance worth about EGP 1 billion. The transaction will be conducted by the Egyptian Securitization Company, PHD said in a bourse filing on …
Banking and Finance
Revenues slid to EGP 2.008 billion in the six-month period
1 September 2020 01:48 PM Palm Hills sees 39% profit decline in H1-20 on lower revenue
Cairo – Mubasher: The consolidated net profits of Palm Hills Developments (PHD) fell by 38.7% year-on-year (YoY) to EGP 276.585 million in the first half (H1) of 2020 from EGP 451.47 million, including minority shareholders’ rights. The company’s …
Real estate
CI Capital achieved net profits of EGP 101.85 million in Q1-20
29 July 2020 11:40 AM CI Capital approves JV with Palm Hills, coronavirus donation
Cairo – Mubasher: The ordinary general meeting (OGM) CI Capital Holding For Financial Investments approved a decision to contribute EGP 1.471 million to support the healthcare sector in the face of the coronavirus (COVID-19) pandemic. In addition, …
Companies Investments
The company's management is evaluating all the transaction's options
16 July 2020 00:07 PM Union Properties denies execution of transactions on Palm Hills' shares
Dubai – Mubasher: Union Properties.announced that the sale of Palm Hills Development Company shares, owned by its subsidiary, to the Arab African International Bank (AAIB) was not executed through the company. The management of Union Properties is …
Management Decisions
The transaction involved the purchase of 381.9 million shares
13 July 2020 06:22 PM AAIB acquires 12% stake in Palm Hills
Cairo – Mubasher: The Arab African International Bank (AAIB) has acquired a 12.25% stake in Palm Hills Developments (PHD), according to a bourse disclosure on Monday. The transaction involved the purchase of 381.9 million shares for EGP 544.2 …
Insider Trading & Treasury Stocks
The company’s revenues increased to EGP 1.13 billion
28 June 2020 05:39 PM Palm Hills posts 45% profit drop in Q1-20
Cairo – Mubasher: The consolidated financial results of Palm Hills Developments (PHD) reported net profits of EGP 84.59 million in the first quarter of 2020, down by 45.4% year-on-year (YoY) from EGP 154.97 million. The company’s revenues …
Financial Results
A new university will be built over an area of 100,000 square metres
28 June 2020 00:32 PM Palm Hills, Taaleem pen MoU to build private university in Badya
Cairo – Mubasher: Palm Hills Developments (PHD) and Taaleem Management Services Company, one of the minority-owned investments of CI Capital Holding For Financial Investments, signed a memorandum of understanding (MoU) to establish a joint venture …
Companies Investments
The syndicated credit facility will partially finance the investment cost of Hacienda Bay
25 June 2020 00:00 PM Palm Hills borrows EGP 365m from AAIB, Banque Misr
Cairo – Mubasher: Palm Hills Developments Co. has signed a medium-term loan agreement worth EGP 365 million with Arab African International Bank (AAIB) and Banque Misr. The syndicated credit facility will partially finance the investment cost of …
Banking and Finance
The residential sales are expected to reach around EGP 5.1 billion
8 June 2020 11:20 AM Palm Hills pens co-development deal of Ain Sokhna project at EGP 3.5bn
Cairo – Mubasher: Palm Hills Developments signed a co-development agreement of a mixed-use community in Ain Sokhna on a revenue-sharing basis with Al Shorouk for Touristic Developments. Situated on km 93 Suez-Zaafrana road, the development will be …
Real estate
The remaining amount of the proceeds stands at EGP 828 million.
28 April 2020 00:48 PM Palm Hills uses EGP 711m of capital raise proceeds
Cairo – Mubasher: Palm Hills Developments Company used EGP 711 million worth of proceeds of the capital raise subscription listed in December 2018 till December 2019. A total of EGP 313 million has been used to develop the 3,000-feddan Badya …
Companies Investments
The reason for resignation wasn’t disclosed
27 April 2020 11:28 AM Palm Hills Developments’ COO resigns
Cairo – Mubasher: Palm Hills Developments Company approved the resignation of its chief operating officer (COO) and board member Mohamed Mahmoud Fahmy Soliman, according to a bourse disclosure on Monday. The reason for resignation wasn’t …
Board of Directors
A total of 71 positive coronavirus cases have been quarantined
13 April 2020 00:01 PM Palm Hills converts 200-room hotel into quarantine centre
Cairo – Mubasher: Palm Hills Developments placed one its Cairo-based hotel properties under the supervision of the Egyptian Ministry of Health. A total of 71 positive coronavirus (COVID-19) cases have already been quarantined at the hotel, the …
Company News
Net sales surged by 20% to EGP 14.9 billion
25 February 2020 00:20 PM Palm Hills reports EGP 906m profit in 2019
Cairo – Mubasher: The consolidated financial statements of Palm Hills Developments reported net profits of EGP 906.22 million in 2019, slightly down from EGP 906.86 million a year earlier, including minority shareholders’ rights. In the meantime, …
Real estate