(MENAFN) Palm Hills, the Egyptian real estate developer, announced finalizing a USD213 million share sale, set for the company to finance its growth, a corporate statement said, Reuters reported.
The company said that almost 96.61 percent of the rights issue had been taken up for the move, aiming at fostering a more profitable season in the Egyptian real estate marketplace.
Palm Hills Developments is a leading real estate company in the Egyptian market, primarily developing integrated residential, commercial real estate and resort projects.
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