Egyptian billionaire Yasseen Mansour’s Palm Hills posts $37.4 million in profit in 9M 2022
Mansour owns a sizable 5.22-percent stake in the Cairo-based property developer.
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Mansour owns a sizable 5.22-percent stake in the Cairo-based property developer.
Egypt’s first monorail, worth $4.5 billion, will be finished by 2023.
Mansour owns a sizable 5.22-percent stake in the real estate firm.
Mansou owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
Despite the year-to-date loss, Mansour remains one of Africa’s wealthiest men.
The market value of Mansour’s 4.68-percent stake in Palm Hills Development is now valued at $11.96 million.
Palm Hills Developments has set aside $243 million for development work in 2022.
Mansour will receive a total payout of $835,000 from the dividend distribution.
The proceeds from the issuing of Sukuk bonds will be used to build Palm Hills’ Badya creative city project.
The group’s market capitalization is valued at $284.57 million.
Mansour controls a beneficial 4.68-percent share in Palm Hills Development.
Palm Hills is a leading property developer with active investments and operations in Egypt.
Palm Hills Development is a leading property developer with active investments and operations in Egypt.
The issuance was fully underwritten and co-arranged by several banks, including National Bank of Egypt.
The projected investment for the coming financial year represents a 52-percent increase from last year.
PHD recorded a growth in primary and secondary home and commercial unit sales.