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Palm Hills Developments Company SAE (PHDC.CA)

PHDC.CA on Cairo Stock Exchange

2.31EGP
12:29pm GMT
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Latest Key Developments (Source: Significant Developments)

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

Egypt’S Palm Hills Signs MoU With Al-Bader, Al-Sharq
Thursday, 5 Jul 2018 

July 5 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::SIGNS TWO MOU WITH AL-BADER AND AL-SHARQ.TO DEVELOP COMMERCIAL APPARTMENT UNDER NEW CAIRO PALM HILLS PROJECT AND BADIYA PROJECT.AS PER MOU, PALM HILLS TO HOLD 60 PERCENT SHARES AND AL BADER GROUP TO HOLD 40 PERCENT SHARES.  Full Article

Egypt's Palm Hills Q1 Consol Profit Rises
Tuesday, 15 May 2018 

May 15 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::Q1 CONSOL NET PROFIT EGP 224.2 MILLION VERSUS EGP 212.3 MILLION YEAR AGO.Q1 CONSOL REVENUE EGP 1.47 BILLION VERSUS EGP 1.59 BILLION YEAR AGO.  Full Article

Dubai's Union Properties Acquires Stake in Egypt's Palm Hills
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - UNION PROPERTIES ::ACQUIRES 5.68 PERCENT STAKE IN EGYPT'S PALM HILLS THROUGH UNIT UPP CAPITAL INVESTMENT.  Full Article

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