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
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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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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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Egyptian billionaire Yasseen Mansour’s Palm Hills reports over $550 million in property sales
Mansour owns a sizable 5.22-percent stake in the real estate firm.
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The projected investment for the coming financial year represents a 52-percent increase from last year.