Palm Hills’ OGM nods to EGP 80M finance lease with Incolease
Updated 7/4/2022 9:54:00 AM
ArabFinance: Palm Hills Development Company’s (PHDC) ordinary general meeting (OGM) has approved an EGP 80 million finance lease agreement with International Company for Leasing (Incolease) (ICLE), according to a filing to the Egyptian Exchange (EGX) on Monday.
On April 21st, Palm Hills raised its stake in Incolease to 18.236% from 15.36%.
Palm Hills is an Egypt-based company that focuses on real estate investments in new cities and urban communities, land reclamation and cultivation, and other activities associated with the company’s operations.
Incolease is an Egypt-based company engaged in the provision of customer service and personalized financial solutions.
