Egyptian billionaire Yasseen Mansour gains $1.8 million from Palm Hills stake
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.
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.
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.
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm, which translates to 202,291,698 ordinary shares.
Mansour owns a sizable 5.6-percent stake in the Cairo-based real estate firm.
The $200-million surge in Mansour’s fortune in 2023 is largely linked to his investment in the family-owned conglomerate Mansour Group.
Mansour, the chairman of Palm Hills Developments, owns a 7.29-percent stake in the leading real estate group.
Mansour owns a substantial 6.87-percent stake, which translates to 202,291,698 ordinary shares in the Cairo-based real estate firm.
Under the leadership of Mansour, Palm Hills has become one of Egypt’s leading real estate companies.
Mansour, the group’s chairman, maintains a 7.29-percent ownership interest in Palm Hills Developments.
Egyptian billionaire Yasseen Mansour retains a 7.29-percent ownership stake in Palm Hills Development.
Mansour owns a substantial 6.87-percent stake in Palm Hills Development, or 202,291,698 ordinary shares.
Mansour owns a significant 5.22-percent stake in Palm Hills Developments
Under Mansour’s leadership, the firm delivered exceptional financial results at the end of the 2022 fiscal year.
Mansour sees gains from stake in Palm Hills Developments, with shares increasing by 20.86 percent.
Mansour’s 5.22-percent stake in Palm Hills Developments is now worth $10 million.
Mansour holds a significant 5.22-percent stake in Palm Hills Developments.