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FinancialNews


  • 11-01-18

    Dubai: Union Properties acquire 5.68 percent stake in Egypt real estate developer

    (MENAFN) A 5.68% stake in Egyptian real estate developer Palm Hills Developments (PHD) has been obtained by Dubai-based developer Union Properties PJSC for an investment growth strategy.

    Union Properties announced the stake to have been purchased by using UPP Capital Investment, which was founded in 2017 to achieve real estate investments, whether direct or indirect.

    The company also declared that its resolution to purchase the "strategic" stake in PHD was a part of a scheme to achieve varied income and grow its investment internationally.

    MENAFN1101201800450000ID1096336926

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