Latest in Tag: Palm Hills Developments Highlight
Latest in Tag: Palm Hills Developments
PHD’s sales jump to EGP 10.7bn in 1H 2022
EGP 1.7bn spent on construction
Palm Hills Developments approves EGP 1.1bn worth securitisation issuance
PHD achieves net profit of EGP 495.51m in H1 2021
Palm Hills Developments extends its North Coast legacy by launching Hacienda West
Hacienda West marks Palm Hills Developments’ expansion to the strategic location on the west side, only 10 km away from Ras El Hekma.
Palm Hills Developments revenue doubled y-o-y to EGP 4bn in H1 of 2021
Company realises new sales of EGP 7.7bn in H1 2021, increase of 76% y-o-y
Palm Hills Developments appoints Hazem Badran, Tarek Tantawy as Co-CEOs
The formal announcement of the appointment follows the Board of Directors’ approval on 30 May 2021.
Palm Hills Developments achieves EGP 2.9bn sales in 3Q 2020
Net Profit for the quarter grew 156% y-o-y, reaching EGP 238m, complemented by positive cash flows from operations of EGP 1.1bn.
PHD eyes EGP 1.2bn securitisation issuance in 2020
Palm Hills Developments sales grow 20% YoY to record EGP 14.9bn in FY2019
PHD achieve positive cash flows from operations of EGP 0.5bn
Securitisation, discounting transactions of gross receivables portfolio of EGP 1bn during Q4 of 2019
Palm Hills reports sales growth of 5% y-o-y
“We intend to engage in further securitisation and discounting transactions in FY 2019,” says Mansour
PHD, Sarwa Capital announce closing of EGP 760m securitisation bonds
Palm Hills Developments (PHD) and Sarwa Capital (Sarwa) announce the closing of the latest issue of securitisation bond for PHD, backed by the receivables portfolio’s net present value which stood at EGP 609m, after applying a discount rate of 16.04% on the gross receivables portfolio of EGP 760m, calculated based on the average coupon of …