Palm Hills Development Co SAE News - Mubasher Info
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05 June 08:36 AM

Palm Hills Development Co SAE (PHDC)

Last update: 4 June 01:29 PM market time.
15.12
-0.45
-2.89%
Open 15.25
Previous Close 15.55
High 15.37
Low 15.08
Stock Statistics
Volume 22,705,851
Turnover 345,124,384.00
All data are 15 minutes late during market session

News

The deadline for bid submission has been extended to 23 February
19 February 2020 01:30 PM Four firms to submit bids for 10% stake in Heliopolis Housing
Cairo – Mubasher: Heliopolis Company for Housing and Development (HHD) announced that four companies purchased the request for proposal (RFP) document to acquire a 10% stake in the state-owned company with management rights. The companies are Six …
Companies Investments
The facility will be used for a loan repayment
21 January 2020 06:41 PM Palm Hills signs EGP 505m facility agreement with AUB Egypt
Cairo – Mubasher: Palm Hills Development Company has signed an EGP 505 million short-term facility agreement with Ahli United Bank (AUB) Egypt, according to a bourse statement released on Tuesday. The company announced that it will use the …
Companies Investments
The facility will be used to repay a syndicated loan
18 December 2019 11:50 AM Palm Hills approves EGP 1.1bn facility from CIB
Cairo – Mubasher: The board of directors of Palm Hills Development Co approved the offer presented by the Commercial International Bank – Egypt (CIB) for a medium-term facility worth EGP 1.099 billion. The facility will be used to repay a …
Banking and Finance
The new project is situated over 135 feddans on the coastal road
3 December 2019 05:46 PM Palm Hills Alexandria Phase II launched with EGP 5.1bn investments
Cairo – Mubasher: Palm Hills Development Co announced the launch of the second phase of Palm Hills Alexandria with investments of EGP 5.1 billion. Situated over 135 feddans on the coastal road, the project features residential units, commercial …
Companies Investments
Net profits fell to EGP 544.3 million
17 November 2019 11:04 AM Palm Hills’ profit falls 15% in 9M on lower revenue
Cairo – Mubasher: Palm Hills Development Co reported a 15% year-on-year profit decline during the first nine months of 2019. Net profits dropped to EGP 544.3 million in the January-September period, compared to EGP 640.2 million in the year-ago …
Financial Results
This bond will increase Palm Hills’ total issuances to EGP 2.4 billion
22 October 2019 11:31 AM Palm Hills, Sarwa Capital conclude EGP 776m securitisation bond
Cairo – Mubasher: Palm Hills Development Co and Sarwa Capital have concluded the fourth securitisation bond at a value of EGP 776 million, backed by a receivables portfolio that includes 582 delivered units. “The three tranches received ratings of …
Corporate Actions
Palm Hills’ portfolio comprises 29 projects
30 September 2019 04:06 PM Palm Hills opens 2 hotels in North Coast with EGP 300m investments
Cairo – Mubasher: Palm Hills Development Co has invested EGP 300 million in the growing tourism industry in Egypt with the inauguration of two new hotels in the North Coast. Located in Hacienda White, Mazeej hotel has been launched by Palm Hills …
Companies Investments
The property developer’s profit grew to EGP 451.47 million in H1
23 September 2019 00:05 PM Palm Hills selects Sarwa to execute EGP 320m securitisation deal
Cairo – Mubasher: The board of directors of Palm Hills Development Co approved the execution of a securitisation transaction worth EGP 320 million with Sarwa Securitization. Some members of the board of directors were selected to sign the deal …
Real estate
The project spans over 3,000 feddans
11 September 2019 04:16 PM Palm Hills invests EGP 800m in Badya to date
By: Abdullah Bedeir Cairo – Mubasher: Palm Hills Development Co has invested about EGP 800 million in Badya project in Sheikh Zayed to date, the company’s chairman Yasseen Mansour said. Such amount has been used to finance the project’s design and …
Real estate
JBI will provide all project management services
11 September 2019 00:09 PM Palm Hills inks deal with German firm to manage Badya’s phase 1A
Cairo – Mubasher: Palm Hills Development Co announced signing a service agreement with Julius Berger International GmbH (JBI) to manage phase 1A of Badya project in Sixth of October City. Under the deal, JBI will provide all project management …
Real estate
Badya project will have investments of EGP 320 billion
11 September 2019 10:37 AM Palm Hills in talks with foreign banks over EGP 2bn loans
By: Abdullah Bedeir Cairo – Mubasher: Palm Hills Development Co is in negotiations with foreign banks to obtain loans valued between EGP 1.5-2 billion to finance the first phase of Badya project in Sheikh Zayed, the real estate developer’s …
Real estate
The company's net debt amounted to EGP 2.6 billion at the end of H1
5 September 2019 11:56 AM Palm Hills saves EGP 70-80m annually from interest rate cut
Cairo – Mubasher: Palm Hills Development Co said that slashing interest rates by 150 basis points is forecast to save the company between EGP 70-80 million annually in interests, financing costs and land liabilities. The real estate developer …
Financial Results
Beltone gives an ‘Overweight’ recommendation
4 September 2019 06:32 PM Beltone Research sets Palm Hills Development's FV at EGP 4.8/shr
Cairo – Mubasher: Beltone Research has set the fair value of Palm Hills Development at EGP 4.8 per share, with an ‘Overweight’ recommendation, according to a report released on Wednesday. The research company referred to improvement in the …
Trading Activities
Revenues slid to EGP 2.5 billion
4 September 2019 00:03 PM Palm Hills H1 profit inches up despite lower sales
Cairo – Mubasher: Palm Hills Development Co. reported a slight profit rise year-on-year during the first half of 2019 despite lower revenues. The Cairo-based leading property developer’s profit increased to EGP 451.47 million in the six-month …
Real estate
The EGX
24 August 2019 08:30 PM Interest rate cut to boost 8 stocks on EGX
Cairo – Mubasher: The Central Bank of Egypt’s (CBE) decision to cut interest rates is expected to have a positive impact on the liquidity of the Egyptian Exchange (EGX), according to a report released by Beltone Research on Saturday. The cut of …
Stock Evaluations
Talaat Moustafa Group Holding recorded revenues of EGP 2.24 billion
4 July 2019 04:54 PM EGX-listed real estate firms post EGP 6.6bn revenues in Q1
By: Abdullah Bedeir Cairo – Mubasher: Revenues of real estate companies listed on the Egyptian Exchange (EGX) grew by 5.49% year-on-year during the first quarter of 2019, according to statistics conducted by Mubasher. From January to March, …
Companies Investments
Beltone ascribed its decision increase in Palm Hills’ sales
13 June 2019 11:29 PM Beltone Research sets Palm Hills stock’s FV at EGP 4.82
Cairo – Mubasher: Beltone Research has set the fair value (FV) of Palm Hills Development Company’s stock at EGP 4.82 per share, with ‘Overweight’ recommendation. The research company ascribed its decision to a 5% year-on-year increase in Palm …
Trading Activities
Palm hills’ standalone profits fell by 35.48% to EGP 26.481 million in Q1-19
11 June 2019 11:27 AM Palm Hills Q1 consolidated profit drops 37%
Cairo – Mubasher: Palm Hills Development Co, a leading property developer based in Cairo, announced it has logged a consolidated net profit of EGP 141.161 million during the first quarter of 2019, down 37.02% from EGP 224.151 million in Q1-18. …
Real estate
The capital increase will be dedicated to the reward and motivation system
4 April 2019 02:14 PM Palm Hills OKs EGP 78m capital hike for reward, motivation system
Cairo – Mubasher: Palm Hills Development Co’s extraordinary general meeting (EGM) has agreed to raise the company’s issued capital by EGP 78 million to finance the reward and motivation system for employees. The issued capital will be raised to …
Corporate Actions
The company does not intend to buy new lands in New Cairo and 6th of October city
24 March 2019 03:51 PM Palm Hills seeks gov’t partnership to buy land in New Mansoura
By: Abdullah Bedier Cairo – Mubasher: Palm Hills Development Co is seeking the Egyptian government’s partnership to buy a land plot ranging between 100 and 200 acres in New Mansoura city, the company’s real estate portfolio director told reporters …
Real estate
NUCA will be responsible for linking the project with all required external facilities
24 March 2019 00:11 PM Palm Hills, NUCA to build mixed-use project in Sheikh Zayed
Cairo – Mubasher: Palm Hills Development Co on Sunday announced that its subsidiary Arkan Palm has signed a contract with the New Urban Communities Authority (NUCA) to develop a mixed-use innovative urban project in Sheikh Zayed City. Spanning 205 …
Companies Investments
Sarwa Promotion & Underwriting issued bonds for total receivables of EGP 1.6 billion
6 March 2019 05:57 PM Palm Hills, Sarwa Capital close EGP 760m securitisation bond issue
Cairo - Mubasher: Palm Hills Developments (PHD) on Wednesday announced closing its latest securitisation bond issue with Sarwa Capital Holding for Financial Investments. The closed bonds are backed by the receivables portfolio of 670 delivered …
Bonds
Palm Hills bought a 28-feddan plot in Egypt’s North Coast
27 February 2019 05:44 PM Palm Hills spends EGP 1.64bn capital-increase returns in 2018
Cairo – Mubasher: Palm Hills Development Co. has announced that it spent all the returns of its capital increase subscription until December 2018, which stood at EGP 1.64 billion ($94 million). Around EGP 250 million of these returns were paid to …
Companies Investments
The Cairo-based firm aims to raise activity revenues by EGP 7.5 billion during the year
27 February 2019 02:19 PM Palm Hills eyes EGP 14bn sales in 2019
Cairo – Mubasher: Palm Hills Development on Wednesday announced plans to increase sales to EGP 14 billion ($0.80 billion) in 2019. The Cairo-based real estate firm aims to raise activity revenues by EGP 7.5 billion this year, with a higher profit …
Financial Results
Net profits recorded EGP 906.8 million in 2018
27 February 2019 11:15 AM Palm Hills generates EGP 906m profit in 2018
Cairo – Mubasher: Palm Hills Development Company reported a 3% year-on-year drop in consolidated profits during the full-year 2018. The firm's net profits reached EGP 906.8 million in 2018, compared to EGP 936.47 million in 2017, including …
Financial Results