Yasseen Mansours Palm Hills stake drops nearly 10 million amid Egypts real estate market pressures over the past 42 trading sessions.
Palm Hills shares fall 15.89 percent, reducing market value to about 467 million, pressuring both institutional and retail investors.
Despite recent losses, Palm Hills remains up 21.41 percent year-to-date a 100,000 2025 stake now worth roughly 121,410.
Egyptian billionaire Yasseen Mansour, chairman of Palm Hills Developments and a leading figure in the countrys real estate sector, has seen the value of his stake drop by nearly 10 million as the companys shares came under pressure on the Egyptian Exchange EGX.
Egyptian property market pressures persistMansour holds a 10.83-percent stake in Palm Hills, equivalent to 318.57 million shares. Over the past 42 trading sessions, the value of his holdings fell from EGP3.06 billion 62.89 million to EGP2.57 billion 52.89 million, marking his second significant loss in recent months.
In June, he recorded a 6.02 million setback when Palm Hills shares declined from EGP2.82 billion 55.62 million to EGP2.51 billion 49.6 million. The drops underscore the pressures facing Egypts property market, where rising construction costs, currency fluctuations, and weakening demand are weighing on developers and investors alike.