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Egyptian developer Palm Hills raises $212 mln in share issue

Reuters , Monday 25 May 2015
Palm Hills
Palm Hills exhibition at City scape April 2014 (Courtesy to Palm Hills Development)
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Palm Hills, Egypt's second-biggest listed property developer, said on Monday it had completed a 1.62 billion Egyptian-pound ($213 million) share sale to fund growth. Palm Hills said in a statement 96.61 percent of the rights issue had been taken up.

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