PALM HILLS DEVELOPMENT COMPANY
PHDC
Real estatePositive News
Palm Hills Subsidiary Secures EGP 1.3 Billion Financing from Banque Misr for North Coast Expansion
Palm Hills subsidiary secures EGP 1.3B loan from Banque Misr to fund North Coast hotel expansion amid 106% profit surge.
April 10, 2025 at 5:31:00 AMScore: 92
Palm Hills Developments' subsidiary, Middle East for Real Estate and Tourism Investment LLC, has secured a EGP 1.3 billion long-term syndicated loan from Banque Misr. The funds will finance the construction of 200 hotel rooms at Hacienda White, a North Coast development. The loan agreement, guaranteed by Palm Hills' board on 8 April, aligns with the company's strategic growth initiatives. In 2024, Palm Hills reported a 106% year-on-year surge in net profits to EGP 3.25 billion, signaling robust financial health amid expansion efforts.
Recommended Actions
- Monitor PHDC stock for post-loan announcement trends
- Track progress of Hacienda White hotel construction
- Compare 2024 profit margins with sector benchmarks
- Evaluate Banque Misr's loan terms for interest rate risks
- Review analyst price targets on platforms like TradingView
Positive Aspects
- 106% YoY profit growth
- Strategic hospitality sector expansion
- Board-backed financial guarantee
Negative Aspects
- Increased debt obligations
- Concentration risk in North Coast project
Recent News
January 22, 2024 at 12:37:00 PMGiza Contracting Secures EGP 539 Million Mega-Contract for New Aswan City Development
July 3, 2024 at 10:22:00 AMLink Holdco Trims Fawry Stake Amid Block Trade Surge
March 10, 2024 at 12:07:00 PMRaya Holding Soars to EGP 564M Profit in 2023 Amid Revenue Surge
May 29, 2024 at 10:36:00 AMRaya Holding Soars with 131% Profit Surge in Q1-24 Amid Standalone Losses
GGCC
GIZA GENERAL CONTRACTINGEgyptian construction giant lands major infrastructure deal while navigating revenue challenges in 2023 financials
FWRY
FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENTLink Holdco reduces Fawry stake to 4.99% following a EGP 1.02B block trade; Q1 profit surges 135% YoY.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports a 34% profit surge to EGP 564M in 2023, driven by revenue growth, but standalone losses widen.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports soaring Q1-24 consolidated profits but faces standalone losses as revenues and assets grow.
