Tuesday, November 11, 2014

UAE's Aabar buys 5.1% stake in Egypt’s Palm Hills - Mubasher | Egypt

UAE's Aabar buys 5.1% of Egypt's Palm Hills, for more information visit:
http://english.mubasher.info/EGX/news/2625140/UAE-s-Aabar-buys-5-1-stake-in-Egypt-s-Palm-Hills#.VGHqI4e6DeI

Palm Hills posts Q3 profit rise to 129 million EGP, for more information visit:
http://english.mubasher.info/EGX/news/2625041/Palm-Hills-posts-Q3-profit-rise-to-EGP129-7m#.VGHqOIe6DeI

Investors hope that, Yassin Mansour's court cases are over, and that his personal problems with Shehab Mazhar are solved, for the best interest of the company. Further, analysts and customers are still complaining about the slow building operation of the already sold units, though it has a slightly improved after Orascom has been assigned as contractor of its project, however, it is not as fast as client's expectations.

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