SectionEgypt overview
Palm Hills Developments (PHDC)
Real-estate developer with major projects in west and east Cairo and on the North Coast.
TickerPHDC
ExchangeEGX
SectorReal estate
CurrencyEGP
About Palm Hills
Palm Hills Developments is one of Egypt's largest residential developers, building gated communities in west Cairo around 6th of October, in east Cairo, and resort projects on the Mediterranean North Coast.
Like other developers, it sells most homes off-plan with long instalment plans, so its results depend on sales momentum, collections and construction costs.
The stock is highly sensitive to Egyptian inflation and the exchange rate, since property is a popular way for Egyptians to protect savings when the pound weakens.