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Earnings watch: Palm Hills, Orascom Investment Holding
EARNINGS WATCH- Palm Hills Development (PHD) reported a 37% y-o-y drop in 1Q2019 net profit to EGP 141.2 mn, down…
PHD aims to launch EGP 15 bn residential project in Alexandria
Palm Hills Development (PHD) aims to launch in May a EGP 15 bn residential project in Alexandria, CEO Yassin Mansour…
Palm Hills mulls getting up to 200 feddans in New Mansoura City
Luxury real estate developer Palm Hills is considering purchasing a 100-200 feddan land plot in New Mansoura City under a…
Sarwa Capital concludes EGP 760 mn PHD securitization
Sarwa Capital announced that it has concluded the EGP 760 mn securitization of Palm Hills Development’s receivables portfolio, which was…
Earnings Watch: Edita, Elsewedy Electric, GB Auto, EKH, PHD, ACC, NBK
EARNINGS WATCH- High-profile snackfood maker Edita recorded a 20.4% y-o-y increase in net profit in 4Q2018 to EGP 128.3 mn,…
Egypt’s real estate looking up with 44% annual jump in pre-sales
Real estate slowdown? What real estate slowdown? For some months now, conventional wisdom has held that the top end of…
Moves: Compass appoints Tarek Rahman as managing director
MOVES- Private equity firm Compass has appointed Tarek Abdel Rahman (LinkedIn) as managing partner, according to a press release. Abdel…
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