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 with Sarwa Securitization, according to a statement to the Egyptian Exchange (EGX) on Monday.   

During the first half of 2019, the property developer’s profit grew to EGP 451.47 million from EGP 439.9 million in the year-ago period, including minority shareholders’ rights.