Cairo – Mubasher: Palm Hills Developments Company is set to establish a fully owned limited liability company in the Abu Dhabi Global Market (ADGM).
The board members approved the plan during their meeting that was held on 25 February, according to a bourse disclosure.
Palm Hills appointed Yasseen Ibrahim Lotfy Mansour, Tarek Mohamed Salah El-Din Mohamed Tantawy, Aly Thabet Sayed Farghaly, and Hazem Mohamed Magdy Khalil Badran to its board of directors.
Meanwhile, Magid Ahmed Sami Mohamed Sherif will represent the company before the National Housing Company (NHC) in Saudi Arabia.
Sharif was named the CEO for Palm Hills’ company in Saudi Arabia last August.
In the first nine months (9M) of 2024, the EGX-listed firm recorded sales momentum of EGP 130 billion.
