Cairo – Mubasher: The board of directors of Palm Hills Developments (PHD) approved a securitisation issuance worth about EGP 1 billion.

The transaction will be conducted by the Egyptian Securitization Company, PHD said in a bourse filing on Tuesday.

During the first six months of 2020, the property developer achieved net profits of EGP 276.585 million, down from EGP 451.47 million in the year-ago period, including minority shareholders’ rights

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.