Despite the recent decline in the market value of his holding in Palm Hills, Mansour remains one of Egypt’s wealthiest men.
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MMID divested 39.4 million shares of Palm Hills on April 7, 2024, for a total of EGP141.5 million ($2.98 million) at an …
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This significant increase reinforces Mansour’s position as one of Egypt’s and Africa’s billionaires, solidifying his position among the continent’s financial elites.
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Despite this setback, Mansour remains a prominent figure in the African business scene. Forbes estimates his current net worth at $1.2 billion.
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Mansour highlighted the company’s record-breaking new sales of EGP59.5 billion ($1.92 billion), indicating a growth of 129 percent year-on-year.
- North Africa
Egyptian billionaire Yasseen Mansour’s Palm Hills concludes $15.3-million securitized bond
Mansour owns a significant 5.22-percent stake in Palm Hills Developments
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Under Mansour’s leadership, the firm delivered exceptional financial results at the end of the 2022 fiscal year.
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Mansour’s 5.22-percent stake in Palm Hills Developments is now worth $10 million.
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Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
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Mansour holds a significant 5.22-percent stake in Palm Hills Developments.
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