Palm Hills Development Company (PHDC) reported a 105.81% year-on-year (YoY) growth in consolidated net profits after tax and non-controlling interest for 2024 to EGP 3.254 billion from EGP 1.581 billion.

Palm Hills Development Company (PHDC) reported a 124.2% year-on-year (YoY) growth in consolidated net profits after tax and non-controlling interest for the first nine months of 2024 to EGP 2.352 billion from EGP 1.049 million.

Palm Hills Developments has signed a partnership with Saudi Dallah Real Estate to develop integrated real estate projects across the kingdom.

The Financial Regulatory Authority (FRA) has approved Palm Hills Development Company's disclosure report concerning its capital reduction, facilitated by the writing off treasury shares

A banking consortium of eight financial institutions has granted a long-term syndicated loan of EGP 10.3 billion to Palm Urban Development Company, a subsidiary of Palm Hills.

Palm Hills Development Company’s (PHDC) board of directors has decided to acquire businessman Yassin Mansour’s stake of 29.59% or 216.112 million shares in Taaleem Management Services Company for EGP 8.25 per share.

Palm Hills Development Company (PHDC) has launched The Village residential project in Badya smart city.

Palm Hills Development’s board has approved guaranteeing the company’s subsidiary Palm for Urban Development in the long-term syndicated loan worth EGP 10.3 billion granted by Banque Misr and other participating banks.

Palm Hills Development Company (PHDC) is planning to set up 10 new schools in Egypt.

Palm Hills Development Company is considering implementing residential projects in Saudi Arabia’s Jeddah, Riyadh, and the northern region.

Palm Hills Development Company (PHDC) reported a 296.57% year-on-year (YoY) increase in consolidated net profits after tax for the first quarter (Q1) of 2024, registering EGP 1.002 billion, versus EGP 252.67 million.

Pickalbatros has partnered with Palm Hills Developments to build a tourism project on 220 feddans in the Northern Coast.

Palm Hills Development Company (PHDC), in cooperation with Cleopatra Group, is set to develop a tourism project in the North Coast.

Palm Hills Development Company’s (PHDC) investments in 2023 hit EGP 5 billion, with expectation it would investing EGP 15 billion in 2024, Chairman Yasseen Mansour said.

The investment banking division of EFG Holding has successfully concluded advisory on an EGP 421 million securitized bond issuance for the real estate developer Palm Hills Developments, as per an emailed press release.

Palm Hills Development Company (PHDC) reported a 15.2 % year-on-year (YoY) growth in consolidated net profits after tax and non-controlling interest for the first nine months of 2023 to EGP 1.049 billion from EGP 910.86 million.

Palm Hills Development Company (PHDC) denied the presence of squatters in any land owned by the company in the North Coast.

The real estate market in Egypt is seeing increase in demands despite higher prices, with annual inflation rates exceeding 40%, which has been reflected on the sales of real estate developers, Palm Hills Development Company’s (PHDC) CEO Hazem Badran said.

Palm Hills Developments (PHD) and EFG Hermes have concluded an EGP 472.5 million securitized bond issuance.

Arab African International Bank (AAIB) is seeking to sell its stake in Palm Hills Development Company (PHDC) to Abu Dhabi-based Al Ain Holding, two sources familiar with the matter told Asharq Business on February 5th. The Mansour family owns more than 46% of Palm Hills’ shares, while Al Ain Holding holds a 12.7% stake in the company.