Flash Report /
Egypt

Palm Hills Developments: Management webinar – key takeaways

  • PHDC surpassed its FY21 sales guidance of EGP15.0 billion, and is forecasting 15.0%-20.0% y/y growth in FY22.

  • PHDC continues to secure funding through securitization of receivables and its first sukuk issuance expected in 1Q22.

  • PHDC expects to continue paying out dividends.

Al Ahly Pharos Securities Brokerage
12 January 2022