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Palm Hills to develop $8.5bn residential project in CairoEgypt's Palm Hills Development has signed a deal with the government's New Urban Communities Authority (Nuca) to jointly develop an integrated residential community over a 12.6-million-sq-m area in West Cairo. The project, More… |
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Egypt's Palm Hills to launch $127m rights issueEgyptian builder Palm Hills Development will begin a EGP700 million ($127 million) rights issue on March 8, the stock exchange said on Wednesday. The rights issue is designed to add to the company's cash cushion as it speeds up its con More… |
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Egypt's Palm Hills to raise $129m in rights issueEgypt's Palm Hills Development will raise EGP700 million ($129 million) in a rights issue as it speeds up construction spending in 2010, the property developer said in a statement on Thursday. 'This capital increase will add to our More… |
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Egypt's Palm Hills 'land worth $6bn'Palm Hills Development, Egypt's second largest real estate company by market value, said on Tuesday its land was worth 33.1 billion Egyptian pounds ($6 billion), 70 per cent more than a previous valuation. The valuation by CB Richard E More… |
