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Palm Hills records EGP 182B in new sales in 9 months

Palm Hills Development Company booked total new sales of EGP 182 billion in the first nine months of 2025, up from EGP 130 billion sales recorded in the same period of 2024.

Updated 10/5/2025 10:16:00 AM
Palm Hills records 43.41% YoY higher consolidated profits in H1 2025

Palm Hills Development Company logged net profits after tax and minority interest amounting to EGP 2.443 billion in the first half (H1) of 2025

Updated 8/14/2025 10:22:00 AM
Palm Hills’ EGM nods to EGP 40M capital reduction

Palm Hills Development Company's extraordinary general meeting (EGM) approved lowering the company’s issued capital by EGP 40 million.

Updated 4/10/2025 8:31:00 AM
Palm Hills’ unit to secure EGP 1.3B facility from Banque Misr

Palm Hills Development Company will guarantee Middle East for Real Estate and Tourism Investment for a long-term syndicated loan facility with EGP 1.300 billion

Updated 4/9/2025 11:45:00 AM
Palm Hills to establish subsidiary in Abu Dhabi

Palm Hills Development Company’s board members approved establishing a wholly owned limited liability company under Palm Hills Developments in Abu Dhabi

Updated 2/26/2025 2:03:00 AM
5 Egyptian real estate developers turn to hotel projects to boost dollar revenue

Real estate companies in Egypt shifted focus towards investing in hotel projects to increase their dollar revenue and diversify their portfolios.

Updated 1/5/2025 11:17:00 AM
Palm Hills, Taaleem Management Services inaugurate Badya University

Badya University, a joint venture between real estate developer Palm Hills Developments Company and Taaleem Management Services, was inaugurated on September 9th in New October City.

Updated 9/10/2024 10:44:00 AM
Palm Hills reports 180.2% YoY leap in H1 consolidated net profits

Palm Hills Development Company (PHDC) reported an 180.19% year-on-year (YoY) jump in consolidated net profits for the first half (H1) of 2024.

Updated 8/25/2024 9:27:00 AM
Palm Hills Developments extends footprint in Saudi Arabia

Palm Hills Development Company (PHDC) has established a new company in Saudi Arabia.

Updated 8/4/2024 9:49:00 AM
ARCO partners with MEDCO, Palm Hills for 2 projects in Egypt

The Middle East Development Company (MEDCO) and Palm Hills Development have entered into separate agreements with the Al Arabia Real Estate Development (ARCO) to develop two new projects in Egypt.

Updated 7/22/2024 10:28:00 AM
Palm Hills in talks to obtain EGP 1.7B loan for Palmet project

Palm Hills Development Company (PHDC) is currently in advanced talks with three banks to secure a loan of around EGP 1.72 billion.

Updated 4/21/2024 9:59:00 AM
Palm Hills sees 25.9% YoY consolidated profit leap in 2023

Palm Hills Development Company (PHDC) reported a 336.17% year-on-year (YoY) growth in consolidated net profits after tax and non-controlling interest for 2023 to EGP 151.892 million from EGP 34.824 million, as per a disclosure on Feburary 28th.

Updated 2/28/2024 11:25:00 AM
Palm Hills, Marriott to build EGP 4B Ritz-Carlton hotel in West Cairo

Palm Hills Development has signed an agreement with Marriott International to establish a luxury hotel under the name of Ritz-Carlton Palm Hills in Palm Hills October project in west Cairo with investments of EGP 4 billion.

Updated 12/5/2023 7:13:00 AM
Palm Hills Development’s new sales up 100% YoY in 9 months

Palm Hills Development Company (PHDC) posted a 100% year-on-year (YoY) hike in its new sales during the first nine months of 2023, hitting EGP 35 billion.

Updated 10/4/2023 9:44:00 AM
Palm Hills reports 9% YoY hike in H1 consolidated net profits

Palm Hills is an Egypt-based company that focuses on real estate investment in new cities and urban communities, land reclamation and cultivation, and other activities associated with the company’s operations.

Updated 8/23/2023 11:15:00 AM
Palm Hills reports 14.34% YoY decline in Q1 consolidated net profits

Palm Hills is an Egypt-based company that focuses on real estate investment in new cities and urban communities, land reclamation and cultivation, and other activities associated with the company’s operations.

Updated 5/31/2023 10:58:00 AM
Palm Hills’ consolidated profits climb 52.3% YoY in 2022

Palm Hills is an Egypt-based company that focuses on real estate investment in the new cities and urban communities, land reclamation and cultivation, and other activities associated with the Company’s operations.

Updated 3/2/2023 10:26:00 AM
Palm Hills Development exits from Incolease

Incolease is an Egypt-based company engaged in the provision of customer service and personalized financial solutions.

Updated 2/9/2023 11:53:00 AM