Palm Hills

Egypt’s Palm Hills posts 2015 Q4 profit of $26 million
Business

Egypt’s Palm Hills posts 2015 Q4 profit of $26 million

Palm Hills, Egypt's second-largest listed property developer, reported on Sunday a 128 percent rise in fourth-quarter net profits to LE203.5…
Profits quadruple at Egyptian property group Palm Hills in Q2
Business

Profits quadruple at Egyptian property group Palm Hills in Q2

 Palm Hills, Egypt's second-biggest listed property developer, reported on Thursday a four-fold increase in second-quarter net profits on the back…
Court rejects appeal against former minister’s acquittal in Akhbar Al-Youm land sale case
Egypt

Court rejects appeal against former minister’s acquittal in Akhbar Al-Youm land sale case

The Court of Cassation has rejected the appeal filed by the prosecution against the acquittal of former Housing Minister Ahmed…
Egyptian developer Palm Hills posts Q1 profit of LE215 million
Business

Egyptian developer Palm Hills posts Q1 profit of LE215 million

 Palm Hills reported a first-quarter net profit after minority interests of LE215 million ($28.2 million), up from 50 million in…
Egypt’s Palm Hills plans $230 mln share issue to raise capital
Business

Egypt’s Palm Hills plans $230 mln share issue to raise capital

Palm Hills, Egypt's second-largest listed real estate developer, plans to issue new shares worth 1.65 billion Egyptian pounds ($230.49 million)…
Attorney general cancels decision to confiscate money of Palm Hills chairman
Egypt

Attorney general cancels decision to confiscate money of Palm Hills chairman

Attorney General Abdel Meguid Mahmoud has decided to cancel a verdict freezing and confiscating the money of the former board…
Egypt’s Palm Hills slips into H1 net loss
Business

Egypt’s Palm Hills slips into H1 net loss

Egyptian real estate firm Palm Hills Developments , the country's second-biggest developer, slipped to a 2011 second-quarter net loss, hit…
Egyptian to drop Palm Hills, Kingdom cases
Business

Egyptian to drop Palm Hills, Kingdom cases

An Egyptian citizen who tried to overturn state land sales to Palm Hills and Saudi firm Kingdom Holding has decided…
Egypt to uphold verdict that Palm Hills illegal
Business

Egypt to uphold verdict that Palm Hills illegal

Egypt's government will uphold a court ruling to scrap a sale of state land to developer Palm Hills but will…
Alaa Mubarak owns over LE49 million worth of shares in Palm Hills
Egypt

Alaa Mubarak owns over LE49 million worth of shares in Palm Hills

Alaa Mubarak, son of deposed Egyptian President Hosni Mubarak owns LE49,535,000 worth of shares in Palm Hills Urban Development Company,…
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