Yasseen Mansour’s Palm Hills stake tops $50 million again

Egyptian billionaire Yasseen Mansour, chairman of Palm Hills Developments, has seen his stake in the real estate company climb back above $50 million. The upswing comes amid renewed investor interest on the Egyptian Exchange (EGX), where property stocks have been among the most active in recent weeks.

Mansour owns 10.83 percent of Palm Hills, a position equal to about 318.57 million shares. Over the past 59 trading sessions, the value of this stake has risen by nearly $60 million, climbing from EGP2.25 billion ($47.59 million) to EGP2.61 billion ($55.21 million). The rebound marks a steady recovery after a brief pullback earlier in the year.

Recovery after early-September dip 

The latest rise follows a short downturn between Aug. 28 and Sept. 13, when Mansour’s stake slipped by $6.55 million. During that period, his holdings fell from EGP2.58 billion ($53.50 million) to EGP2.26 billion ($46.96 million) as investors paused on real estate plays.

Palm Hills, part of the broader Mansour Group, remains one of Egypt’s most established family-owned real estate companies. The developer is known for upscale residential projects, commercial properties, and resort developments that continue to draw interest from both domestic and international buyers. Its brand strength and land bank have helped it maintain a steady position in Egypt’s property market despite periodic volatility.

Share performance and investor returns

Palm Hills shares have gained 16.03 percent in the past month, rising from EGP7.05 ($0.1494) on September 16 to EGP8.18 ($0.1733). The company’s market capitalization now stands above EGP23.39 billion ($495.59 million), offering a welcome lift for shareholders—especially Mansour, whose wealth is closely tied to the group’s performance.

Since the start of the year, Palm Hills shares are up 17.87 percent. An investor who placed $100,000 into the stock on Jan. 1 would now be sitting on $117,870, a gain that underscores the company’s resilience even in a challenging economic environment.