Arab African International Bank acquired 12.25% stake in Palm Hills Developments S.A.E. (CASE : PHDC) for for approximately EGP 540 million.

Arab African International Bank acquired 12.25% stake in Palm Hills Developments S.A.E. (CASE : PHDC) for approximately EGP 540 million on July 14, 2020. Arab African International Bank completed the acquisition of 12.25% stake in Palm Hills Developments S.A.E. (CASE : PHDC) on July 14, 2020.