IFLR1000

Palm Hills E£1.6 billion capital increase

1/7/2015
Share offer
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E£ 1.6 billion

$ 180 million

Completed

1/7/2015

Overview:

  • Palm Hills Developments Company issued a capital share increase.
  • This involved an increase in share capital to E£4.344 billion from E£2.696. 
  • Palm Hills Developments Company is an Egyptian company that develops resorts, commercial and residential projects real estate projects. 

Rani Mehta - Journalist 

Jurisdiction:

Egypt

Deal type:

Share offer

Practice area:

Capital markets : Debt

Governing law:

Egypt

Industry sector:

Real estate

Firm:
Matouk Bassiouny

Party: Palm Hills Developments Company (Issuer)

Lawyers: Mohamed Abdel Fattah, Tamer El Hennawy

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