Cairo – Mubasher: Palm Hills Developments Company has established a company in Saudi Arabia and appointed Majed Sharif as its CEO.
The EGX-listed firm announced the news in a bourse disclosure on 4 August 2024.
In the first quarter (Q1) of 2024, the consolidated net profits after tax and non-controlling interest of Palm Hills hiked by 298% to EGP 1 billion from EGP 252.67 million in Q1-23.
Meanwhile, the standalone net profits dropped to EGP 160.62 million as of 31 March 2024 from EGP 208.82 million in the year-ago period.
