Cairo - Mubasher: Palm Hills Developments Company has paid EGP 300 million, representing 10% of the total fees imposed on the North Coast, according to a bourse disclosure.
The amount is divided between Palm Hills and the partners who own the land for the company's three projects on the North Coast.
Another 10% of the fees will be paid within one year of the decision's issuance, and the remainder will be paid in installments starting from five years with a 10% decreasing interest rate.
In the first nine months (9M) of 2025, the real estate developer posted 40% higher sales at EGP182 billion, compared to EGP130 billion in 9M-24.
