Egyptian billionaire Yasseen Mansour’s Palm Hills approves $206.5-million Sukuk bond to fund new project
Mansour controls a beneficial 4.68-percent share in Palm Hills Development.
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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.
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