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 …
Palm Hills Developments
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Firm led by Egyptian billionaire Yasseen Mansour to build $130-million luxury hotel in Cairo
Mansour, chairman of Palm Hills, highlights significance of welcoming Marriott International and Ritz-Carlton as key collaborators in the Palm Hills October project.
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Mansour owns a substantial 6.87-percent stake, which translates to 202,291,698 ordinary shares in the Cairo-based real estate firm.
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Mansour, the group’s chairman, maintains a 7.29-percent ownership interest in Palm Hills Developments.
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Mansour sees gains from stake in Palm Hills Developments, with shares increasing by 20.86 percent.
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Mansour holds a significant 5.22-percent stake in Palm Hills Developments.