MUVI is a global player in international healthcare Education and Hospital management.
Palm Hills Development’s Badya project has won the best urban concept and design award at bt100 Awards.
Yaseen Mansour: Mazeej Hotel is the start of Palm Hills Developments’ expansion into the hospitality industry and follows the national initiative set by the Ministry of Tourism.
“This award underscores Palm Hills Developments’ success in pioneering the concept of innovation in the real estate market," CEO said.
The company clarified in a filing to the Egyptian Exchange (EGX) that the subscription reached LE 1.24 billion, excluding issuance expenses of LE 18.6 million.
Palm Hills Development Company’s (PHDC) announced that it achieved a 19.25 percent increase of its profits in 2017.
Gross profit of the company in Q3 increased by 2.7% year-on-year to reach LE 530.5 million.
The second largest real estate developer in Egypt said it was hardly hit by increases in financial costs.
Sales surged 156 percent year-on-year to LE 2.5 billion, leveled down 18.0 percent quarter-on-quarter.
Palm Hills Development achieve sales from commercial projects amounting 470 million EGP.
In contrast to expectations of a weak real estate market following the flotation of Egyptian pound in November.
Palm Hills Developments (PHDC) posted 212.3 million EGP ($11.72 million) in net profit during the first quarter (Q1) of 2017.