Cairo – Mubasher: Palm Hills Development unveiled the sources of financing its upcoming capital increase by around EGP 219.9 million ($28 million).
The capital increase will be financed from the deferred earning balance in addition to the company’s earnings for the fiscal year ended 31 December 2015, by EGP 67.8 million and EGP 152.1 million respectively.
The company’s board approved previously, in principle the company’s capital top-up.
