Skip to content
This follows Mansour's acquisition of an additional stake in Taaleem, increasing his holding to 18.3 percent after purchasing shares worth EGP505.6 million ($10.46 million).
Badya, Palm Hills Developments' flagship smart city, leads the way in innovative property development in the MENA region.
Palm Hills Developments reports robust H1 2024 performance, surpasses revenue expectations.
MMID divested 39.4 million shares of Palm Hills on April 7, 2024, for a total of EGP141.5 million ($2.98 million) at an average price of EGP3.59 ($0.0755) per share.
Mansour, chairman of Palm Hills, highlights significance of welcoming Marriott International and Ritz-Carlton as key collaborators in the Palm Hills October project.
Mansour owns a substantial 6.87-percent stake, which translates to 202,291,698 ordinary shares in the Cairo-based real estate firm.
Mansour, the group’s chairman, maintains a 7.29-percent ownership interest in Palm Hills Developments.
Mansour sees gains from stake in Palm Hills Developments, with shares increasing by 20.86 percent.
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.