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Palm Hills Developments Company SAE (PHDC.CA)

PHDC.CA on Cairo Stock Exchange

2.41EGP
19 May 2019
Change (% chg)

£0.07 (+2.99%)
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Volume
8,155,430
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Latest Key Developments (Source: Significant Developments)

Palm Hills Developments Concludes Securitization Of EGP 760 Mln Receivables Portfolio
Wednesday, 6 Mar 2019 

March 6 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY SAE ::CO AND SARWA CAPITAL CONCLUDE SECURITIZATION OF EGP 760 MILLION RECEIVABLES PORTFOLIO.CLOSES LATEST ISSUE OF SECURITIZATION BOND FOR CO BACKED BY RECEIVABLES PORTFOLIO RELATED TO 670 DELIVERED UNITS.RECEIVABLES PORTFOLIO’S NET VALUE STOOD AT EGP 609 MILLION AFTER DISCOUNT RATE OF 16.04% ON GROSS RECEIVABLES PORTFOLIO OF EGP 760 MILLION.RECEIVABLES PORTFOLIO’S NET VALUE CALCULATED BASED ON AVERAGE COUPON OF BOND’S THREE TRANCHES ISSUED BY SARWA CAPITAL.SARWA PROMOTION & UNDERWRITING ACTED AS FINANCIAL ADVISOR, LEAD MANAGER AND ARRANGER OF THE TRANSACTION.  Full Article

Egypt's Palm Hills Aims New Sales of Up To EGP 14 Bln In 2019
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::AIMS NEW SALES IN 2019 UPTO EGP 14 BILLION.EXPECTS TO HAND OVER 1,350 HOUSING AND COMMERCIAL UNITS IN 2019.EXPECTS CONSTRUCTION EXPENSES IN RANGE OF EGP 2.2 BILLION IN 2019.EXPECTS 2019 NET PROFIT IN RANGE OF EGP 1 BILLION.EXPECTS 2019 OPERATING INCOME EGP 7.5 BILLION.  Full Article

Egypt's Palm Hills Board Approves Issued Capital Increase
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::BOARD APPROVES ISSUED CAPITAL INCREASE TO EGP 6.24 BILLION FROM EGP 6.16 BILLION THROUGH EMPLOYEE STOCK OWNERSHIP PROGRAM .  Full Article

Egypt's Palm Hills Board Approves Capital Increase
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::BOARD APPROVES ISSUED CAPITAL INCREASE TO EGP 6.16 BILLION FROM EGP 4.62 BILLION.  Full Article

Palm Hills Developments Raises EGP 991 Mln In Second Subscription Round
Monday, 3 Dec 2018 

Dec 3 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::RAISES EGP 991 MILLION IN SECOND SUBSCRIPTION ROUND, IMPLYING 3.3 TIMES OVERSUBSCRIPTION.COMPLETES SECOND SUBSCRIPTION ROUND FOR UNSUBSCRIBED PORTION OF EGP 1.54 BILLION RIGHTS ISSUE OF 769 MILLION NEW ORDINARY SHARES.UNSUBSCRIBED PORTION STOOD AT 148.4 MILLION SHARES, WITH TOTAL VALUE OF EGP 301 MILLION, REPRESENTING 19.29 PERCENT FROM TOTAL OFFERING.  Full Article

Egypt's Palm Hills Developments Q3 Profit Rises
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::Q3 NET PROFIT AFTER TAX AND MINORITY INTEREST EGP 200 MILLION VERSUS EGP 118 MILLION YEAR AGO.Q3 REVENUE EGP 2.28 BILLION VERSUS EGP 1.53 BILLION YEAR AGO.Q3 NEW SALES EGP 2.03 BILLION VERSUS EGP 1.93 BILLION YEAR AGO.  Full Article

Egypt's Palm Hills Raises EGP 1.26 Bln Through Capital Increase Subscription
Monday, 19 Nov 2018 

Nov 19 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::RAISES EGP 1.26 BILLION THROUGH 80.71 PERCENT SUBSCRIPTION ON FIRST PHASE OF CO'S CAPITAL INCREASE SUBSCRIPTION.  Full Article

Union Properties Says Unit To Subscribe Palm Hills Development's Capital Increase
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - UNION PROPERTIES PJSC ::SAYS UNIT UPP CAPITAL INVESTMENT INTENDS TO SUBSCRIBE CAPITAL INCREASE OF EGYPT'S PALM HILLS DEVELOPMENTS COMPANY.  Full Article

Palm Hills Developments Closes Discounting Transaction Of EGP 316 Mln Receivables
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY SAE ::ANNOUNCE THE CLOSING OF DISCOUNTING TRANSACTION OF RECEIVABLES PORTFOLIO OF EGP 316 MILLION.CONCLUDED DISCOUNTING TRANSACTION OF EGP 316 MILLION RECEIVABLES PORTFOLIO RELATING TO 181 DELIVERED UNITS.WILL RECEIVE NET PROCEEDS OF EGP 223 MILLION, AFTER APPLYING DISCOUNT RATE OF 18.75%, DEDUCTING FEES AND COMMISSIONS.WILL UTILIZE THE TRANSACTION PROCEEDS IN PAYING PART OF ITS EXISTING DEBT, AS PART OF ITS DELEVERAGING PLANS.REMAINS ON TRACK TO CONCLUDE A NUMBER OF SECURITIZATION OF RECEIVABLES TRANSACTIONS PRIOR TO YEAR-END.  Full Article

Palm Hills Approves To Get EGP 485 Mln Financing For Palm Parks Project
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::APPROVES TO GET EGP 485 MILLION FINANCING FOR PALM PARKS PROJECT.APPROVES FINANCING OFFER FOR PALM PARKS PROJECT FROM ARAB AFRICAN INTERNATIONAL BANK AND BANQUE MISR.  Full Article

MIDEAST STOCKS-Dubai continues rally, most major Gulf markets mixed

* Dubai Investments nears 5-month high * First Abu Dhabi Bank slides after Qatar's lawsuit * Saudi's Walaa soars on FY dividend, capital increase * Kuwait index retreats from highest level since 2016 By Ateeq Shariff April 9 Dubai's stock market edged up on Tuesday stretching its rally for the ninth consecutive session, aided by its industrial and financial shares, while trading was mixed across other major Gulf markets. The Dubai index closed 0.2 percent

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