Tawasul
Mubasher TV
Contact Us Advertising   العربية

Palm Hills Developments approves EGP 800m securitisation issuance

Palm Hills Developments approves EGP 800m securitisation issuance
The transaction will be conducted by Tharwa Securitization
Palm Hills
PHDC
-1.48% 1.67 -0.03

Cairo – Mubasher: The board of directors of Palm Hills Developments (PHD) approved a securitisation issuance worth EGP 800 million.

The transaction will be conducted by Tharwa Securitization, PHD said in a bourse disclosure on Wednesday.

In 2020, PHD achieved net profits of EGP 717.76 million, down from EGP 846.78 million in 2019, including minority shareholders’ rights.