Egypt - Palm Hills Developments (PHD) is in talks with a governmental bank to obtain a 5-year loan of up to EGP 300 million, according to Al-Mal news website.
The company aims to launch an international school and social club within the first phase of its educational residential project (Badia) in the 6th of October City.
In last September, the company decided to not trade its global depositary receipts on the main market of the London Stock Exchange.
On September 11th 2019, Palm Hills signed an agreement with the German Jules Burger Company to manage the development of the first phase of the Badia project.
PHD is an Egypt-based company that focuses on the real estate investment in the new cities and urban communities, land reclamation and cultivation, and other activities associated with the Company’s operations.
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