
20. Palm Hills Developments (PHD)
Sector: Real Estate & Construction
Chairman & Group CEO: Yasseen Mansour
Market Value: $374 million
Sales: $533 million
Profits: $67 million
Assets: $2.4 billion
PHD provides primary homes in West Cairo, East Cairo, and Alexandria, as well as secondary homes on the North Coast. Its portfolio includes five operating hotels, three sports clubs, and a land bank exceeding 33 million square meters. In 2024, the company’s net profit grew by 96%, driven by increased new sales and the handover of over 2,000 units. In 2024, PHD acquired a 9.5% stake in Macor Hotels for $3.6 million, bringing its total shareholding to 69.5%. It also acquired a 3.02% stake in Taaleem Management Services Company for $4.5 million, bringing its total shareholding to 32.61%, and acquired 20% of Novotel October.