{"id":631774,"date":"2018-03-27T04:12:31","date_gmt":"2018-03-27T04:12:31","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/"},"modified":"2018-03-27T04:12:31","modified_gmt":"2018-03-27T04:12:31","slug":"phd-denies-making-offer-on-qatari-diar-assets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/","title":{"rendered":"PHD denies making offer on Qatari Diar assets"},"content":{"rendered":"<p><strong>Palm Hills Development (PHD) denies <\/strong><a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/26\/naguib-sawiris-yassin-mansour-offer-to-buy-qatari-diar-out-of-egypt\/\"><strong>claims by Al Shorouk<\/strong><\/a><strong> this week that the developer offered to acquire Qatari Diar\u2019s Egyptian investments, <\/strong>the company said in a statement <a href=\"http:\/\/almalnews.com\/Story\/370291\/11\/%D8%A8%D8%A7%D9%84%D9%85-%D9%87%D9%8A%D9%84%D8%B2-%D9%84%D9%85-%D9%86%D8%AA%D9%82%D8%AF%D9%85-%D8%A8%D8%A3%D9%89-%D8%B9%D8%B1%D8%B6-%D9%84%D8%B4%D8%B1%D8%A7%D8%A1-%D8%A3%D8%B1%D8%A7%D8%B6%D9%8A-%D8%A7%D9%84%D8%AF%D9%8A%D8%A7%D8%B1-%D8%A7%D9%84%D9%82%D8%B7%D8%B1%D9%8A%D8%A9\">carried by Al Mal<\/a>. A news story on Sunday said that PHD Chairman Yassin Mansour had made an offer for Diar\u2019s New Cairo City Gate development, which has been the subject of an ongoing legal dispute with the New and Urban Communities Authority (NUCA). The sources also claimed that businessman Naguib Sawiris had made Diar a EGP 35 bn offer to acquire all of its local assets and that a state-owned company had also expressed interest.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palm Hills Development (PHD) denies claims by Al Shorouk this week that the developer offered to acquire Qatari Diar\u2019s Egyptian investments, the company said in a statement carried by Al Mal. A news story on Sunday said that PHD Chairman Yassin Mansour had made an offer for Diar\u2019s New Cairo City Gate development, which has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631774","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"578604b8-3c62-4d7b-b173-0e8330ac1bae","order":"0","is_powered_by":true,"section_story_id":"097cc429-b220-45fd-9ad0-525d50eb8d33","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631761],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PHD denies making offer on Qatari Diar assets - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PHD denies making offer on Qatari Diar assets\" \/>\n<meta property=\"og:description\" content=\"Palm Hills Development (PHD) denies claims by Al Shorouk this week that the developer offered to acquire Qatari Diar\u2019s Egyptian investments, the company said in a statement carried by Al Mal. A news story on Sunday said that PHD Chairman Yassin Mansour had made an offer for Diar\u2019s New Cairo City Gate development, which has [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-27T04:12:31+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PHD denies making offer on Qatari Diar assets\",\"datePublished\":\"2018-03-27T04:12:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/\"},\"wordCount\":112,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/phd-denies-making-offer-on-qatari-diar-assets\/\",\"name\":\"PHD denies making offer on Qatari Diar assets - 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Businessmen Naguib Sawiris and Yassin Mansour are reportedly looking to buy real estate developer Qatari Diar\u2019s Egyptian investments, sources claimed to Al Shorouk. Naguib was said to have made Diar a EGP 35 bn offer to acquire all\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567151,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/qatari-diar-offers-olive-branch-to-litigious-city-gate-clients\/","url_meta":{"origin":631774,"position":1},"title":"Qatari Diar offers olive branch to litigious City Gate clients","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"Qatari Diar offers City Gate customers quid pro quo: Qatari Diar has offered amended contract terms to clients of its City Gate project in exchange for them dropping lawsuits against the company, according to Al Shorouk. A number of Qatari Diar\u2019s customers began legal proceedings after the company \u2014 which\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/596.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568845,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/05\/egyptian-bnaire-naguib-sawiris-acquires-60-of-qatari-diars-city-gate-project\/","url_meta":{"origin":631774,"position":2},"title":"Egyptian bn\u2019aire Naguib Sawiris acquires 60% of Qatari Diar's City Gate project","author":"enterpriseam admin","date":"5 February 2020","format":false,"excerpt":"M&A WATCH- Naguib\u2019s Ora Developers acquires 60% of Qatari Diar's City Gate project: Egyptian businessman Naguib Sawiris has agreed in principle to acquire 60% of Qatari Diar's stalled City Gate project through Ora Developers for USD 658 mn, the local press reports, citing unnamed sources. The acquisition would resolve Qatari\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/73.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653156,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/30\/al-montazah-threatens-to-sue-qatari-diar-over-sharm-el-sheikh-project\/","url_meta":{"origin":631774,"position":3},"title":"Al Montazah threatens to sue Qatari Diar over Sharm El Sheikh project","author":"enterpriseam admin","date":"30 January 2017","format":false,"excerpt":"Qatari Diar\u2019s hold up with the City Gate project is reportedly having an impact on its other projects. 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