Palm Hills Developments PJSC (PHD), Egypt - Latest News and Developments

Egypt's Palm Hills uses $45.22mln of capital raise proceeds

The remaining amount of the proceeds stands at $52.58mln

Mubasher - 28-Apr-2020

Egypt's Palm Hills Developments’ COO resigns

The reason for resignation wasn’t disclosed

Mubasher - 27-Apr-2020

PHD places Cairo hotel with 71 COVID-19 cases under Ministry of Health

The company will cover all expenses related to the patients’ stay

Daily News Egypt - 14-Apr-2020

Palm Hills earmarks funds for COVID-19 impacted workers

This amount will supply the needs of 10,000 struggling families.

Arab Finance - 13-Apr-2020

Egypt's Palm Hills reports $58mln profit in 2019

Net sales surged by 20%

Mubasher - 25-Feb-2020

Palm Hills signs $32mln facility agreement with AUB Egypt

The facility will be used for a loan repayment

Mubasher - 21-Jan-2020

PHD, CIB sign $68mln medium-term loan to refinance some existing debt

The Loan is segregated into Tranches A and B, with maturity of five and four years respectively, complemented by a grace period of five months

Daily News Egypt - 19-Dec-2019

Palm Hills Alexandria Phase II launched with $316mln investments

The new project is situated over 135 feddans on the coastal road

Mubasher - 03-Dec-2019

Palm Hills’ profit falls 15% in 9 months on lower revenue

Palm Hills Development Co reported a 15% year-on-year profit decline during the first nine months of 2019.

Mubasher - 17-Nov-2019

Mideast Stocks: Saudi dips on weak earnings; property shares aid Egypt

SABIC, Tasnee slide on poor Q3 earnings

Reuters News - 27-Oct-2019

Stocks	Last Price	% Change
ZAHRAA MAADI INV	6.740 EGP	-1.462
MENA INVEST	3.690 EGP	-2.381
NATL HOUSING	27.100 EGP	0.00
TALAT MOSTAFA	6.550 EGP	-2.385
6TH OCT DEV INV	16.400 EGP	-1.442
EG REAL ESTATE	13.840 EGP	-4.814

Palm Hills Developments PJSC (PHDC.CA)

Egypt's Palm Hills uses $45.22mln of capital raise proceeds

Egypt's Palm Hills Developments’ COO resigns

PHD places Cairo hotel with 71 COVID-19 cases under Ministry of Health

Palm Hills earmarks funds for COVID-19 impacted workers

Egypt's Palm Hills reports $58mln profit in 2019

Palm Hills signs $32mln facility agreement with AUB Egypt

PHD, CIB sign $68mln medium-term loan to refinance some existing debt

Palm Hills Alexandria Phase II launched with $316mln investments

Palm Hills’ profit falls 15% in 9 months on lower revenue

Mideast Stocks: Saudi dips on weak earnings; property shares aid Egypt

Company information provided by Refinitiv

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