Egyptian billionaire Yasseen Mansour, chairman of Palm Hills Developments, has seen his stake in the real estate company climb back above 50 million. The upswing comes amid renewed investor interest on the Egyptian Exchange EGX, where property stocks have been among the most active in recent weeks.
Mansour owns 10.83 percent of Palm Hills, a position equal to about 318.57 million shares. Over the past 59 trading sessions, the value of this stake has risen by nearly 60 million, climbing from EGP2.25 billion 47.59 million to EGP2.61 billion 55.21 million. The rebound marks a steady recovery after a brief pullback earlier in the year.
Recovery after early-September dip
