Egyptian billionaire Yasseen Mansour's Palm Hills borrows $160 million to finish Cairo mega project
Billionaires Africa | 28.08.2026 06:10
Palm Hills Developments, the Cairo property company chaired by Egyptian billionaire Yasseen Mansour, has borrowed 8 billion Egyptian pounds, about $160 million, from the country's two largest state-owned banks to finish building a housing development on the eastern edge of Cairo, eight days after reporting that profit had fallen even as sales rose.
