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 disclosed.

It is noteworthy to mention that in 2019, Palm Hills Developments achieved net profits of EGP 906.22 million, slightly down from EGP 906.86 million in 2018, including minority shareholders’ rights.