Table of Contents
Key Points
- Yasseen Mansour’s Palm Hills stake drops nearly $10 million amid Egypt’s real estate market pressures over the past 42 trading sessions.
- Palm Hills shares fall 15.89 percent, reducing market value to about $467 million, pressuring both institutional and retail investors.
- Despite recent losses, Palm Hills remains up 21.41 percent year-to-date; a $100,000 2025 stake now worth roughly $121,410.
Egyptian billionaire Yasseen Mansour, chairman of Palm Hills Developments and a leading figure in the country’s real estate sector, has seen the value of his stake drop by nearly $10 million as the company’s shares came under pressure on the Egyptian Exchange (EGX).
Egyptian property market pressures persist
Mansour holds a 10.83-percent stake in Palm Hills, equivalent to 318.57 million shares. Over the past 42 trading sessions, the value of his holdings fell from EGP3.06 billion ($62.89 million) to EGP2.57 billion ($52.89 million), marking his second significant loss in recent months.
In June, he recorded a $6.02 million setback when Palm Hills shares declined from EGP2.82 billion ($55.62 million) to EGP2.51 billion ($49.6 million). The drops underscore the pressures facing Egypt’s property market, where rising construction costs, currency fluctuations, and weakening demand are weighing on developers and investors alike.
Palm Hills under pressure, but outlook remains resilient
Palm Hills, part of the Mansour Group—Egypt’s largest family-owned conglomerate—is widely recognized for its luxury residential communities, commercial developments, and resort projects. While the company has built a strong reputation in real estate, it has faced challenges common across the sector.
Over the past six weeks, Palm Hills’ stock has fallen 15.89 percent, dropping from EGP9.44 ($0.194) on July 9 to EGP7.94 ($0.163) as of August 20. This decline has reduced the company’s market value to around $467 million, putting pressure on both institutional and retail investors holding the stock.
Long-term outlook still resilient
While recent losses have put some pressure on Mansour’s wealth, Palm Hills shares are still up 21.41 percent so far this year, outperforming many of its peers in Egypt’s real estate sector. For long-term investors, a $100,000 stake at the start of 2025 would now be worth around $121,410.
As Egypt’s real estate market faces rising inflation and changing buyer demand, both Palm Hills’ performance and Mansour’s wealth remain closely watched. Regional investors are paying attention, looking for signs of how the sector might move in the months ahead.
