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 …
Yasseen Mansour
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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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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.
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Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm, which translates to 202,291,698 ordinary shares.
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Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
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The $200-million surge in Mansour’s fortune in 2023 is largely linked to his investment in the family-owned conglomerate Mansour Group.
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Mansour, the chairman of Palm Hills Developments, owns a 7.29-percent stake in the leading real estate group.
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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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Egyptian billionaire Yasseen Mansour-led firm commits $647 million to boost residential projects
Under the leadership of Mansour, Palm Hills has become one of Egypt’s leading real estate companies.
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Mansour, the group’s chairman, maintains a 7.29-percent ownership interest in Palm Hills Developments.