Cairo-based real estate leader Palm Hills Developments, led by Egyptian billionaire Yasseen Mansour, has expanded its Gulf footprint after securing shareholder approval for a dual-structured move that includes 18.2 million financial lease agreement with Incolease and the formal licensing of the Palm Hills brand for commercial use in the United Arab Emirates.
The resolutions, ratified during the companys ordinary general meeting on December 10, mark one of Palm Hills most strategic cross-border steps since signalling its intention earlier this year to build a permanent presence in the Gulf through Palm Hills Development Holding Ltd, its newly established entity at the Abu Dhabi Global Market ADGM.
Palm Hills strengthens domestic financing through Incolease deal
