Banking Alliance of 8 Banks Provides Joint Financing of EGP 10.3 Bn to Palm Hills Subsidiary for New October City Project

A banking consortium has successfully secured Palm for Urban Development, a subsidiary of Palm Hills, a substantial long-term syndicated loan totaling EGP 10.3 bn, Invest-Gate reports.

Badya Pushes Palm Hills’ Sales 22% Higher in Q1 2023

Yassin Mansour, chairman of Palm Hills Development Co., says the company’s sales rose 22% in the first quarter, driven by a 54% increase in sales at the Badya development, Invest-Gate reports.

Palm Hills Developments Records EGP 10.7 bn in Sales in H1

Palm Hills Developments achieved new sales of EGP 10.7 bn in H1 2022, a 38% growth compared to EGP 7.7 bn in H1 2021, Invest-Gate reports.

Palm Hills Implements Up to 2,700 Units in Phase I of Badya

Palm Hills Developments announces the implementation of 2,759 new units in Badya diverse between 148 buildings, 1959 housing units, and 800 villas, Invest-Gate reports.

Palm Hills to Issue Sukuk Worth EGP 3.25bn

Palm Hills Developments announces the completion of its first issue of Sukuk participation, according to the Islamic Sharia, at a value of EGP 3.251 bn, to finance the Badya project in cooperation with Sarwa Capit ...

PHD Acquires WE to Provide Telecom Services in Badya

Palm Hills Development (PHD) acquires Telecom Egypt (WE) to provide integrated telecommunication services to Badya, the first fourth-generation city in west Cairo

Badya to be Headquarters for Right to Dream Academy

Mansour Group signs a memorandum of understanding (MoU) with Right to Dream academy with total investment of EUR 30 mn, developed on Badya Palm Hills to serve young athletes, Invest-Gate reports.

PHD Agrees on JV for University Campus in Badya

Palm Hills Developments (PHD) and Taaleem Management Services, a subsidiary of CI Capital Holding for Financial Investments, have signed a deal to establish an educational company for developing a university campu ...

PHD Inks MoU to Build University in West Cairo’s Badya

Palm Hills Developments (PHD) and Taaleem Management Services, a subsidiary of CI Capital Holding for Financial Investments, have signed a Memorandum of Understanding (MoU) to build a higher education campus in Ba ...

Asphalt is Laid on Roads of 800-Acre Neighborhood: Official

Head of New October City Development Authority Adel El Naggar announced that asphalt is being laid on roads of the social housing project located in section D of the 800-acre neighborhood

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