Arab Finance: Palm Hills Development Company’s board members approved establishing a wholly owned limited liability company under Palm Hills Developments in the Abu Dhabi Global Market (ADGM), as per a bourse disclosure.
Palm Hills appointed Yasseen Ibrahim Lotfy Mansour, Tarek Mohamed Salah El-Din Mohamed Tantawy, Aly Thabet Sayed Farghaly, and Hazem Mohamed Magdy Khalil Badran as the company’s board of directors.
Magid Ahmed Sami Mohamed Sherif will represent the company before the National Housing Company (NHC) in Saudi Arabia.
They shall finalize all necessary procedures and transactions related to tenders and agreements in addition to signing final contracts with NHC.