Palm Hills’ OGM nods to selling 3.65M shares in Incolease

Updated 11/7/2022 11:02:00 AM

Arab FinancePalm Hills Development Company’s (PHDC) ordinary general meeting (OGM) approved selling 3.647 million shares of its stake in International Company for Leasing (Incolease) (ICLE) to Palm Holding for Financial Investment, according to a filing to the Egyptian Exchange (EGX) on Monday.

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

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.