Cairo - Mubasher: The ordinary general meeting (OGM) of Palm Hills Developments Company approved entering into a financial lease deal with International Company for Leasing (Incolease) at a value up to EGP 865.93 million, according to a bourse filing.
During the same meeting, held on 10 December, the shareholders passed agreements with Abu Dhabi-based Palm Hills Development Holding Limited (ADGM) for licensing the use of the trademark in marketing and sales in the UAE.
In February, the EGX-listed company announced its intention to establish ADGM in line with expansion plans.
During the first nine months (9M) of 2025, Palm Hills registered higher consolidated net profits after tax and minority interest at EGP 3.54 billion, compared with EGP 2.35 billion in 9M-24.
