Cairo – Mubasher: The board of directors of Palm Hills Development approved raising the company’s authorized capital.
The company said it will raise its capital through the distribution of bonus shares at 1to 20, in addition to cash dividends of EGP 0.15 per share.
The real estate developer net profits stood at EGP 1.1 billion in 2015, up 185% from EGP 373.3 million in the previous year.
