9months 2010 Investors' Presentation - Palm Hills Developments
9months 2010 Investors' Presentation - Palm Hills Developments
9months 2010 Investors' Presentation - Palm Hills Developments
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9M’<strong>2010</strong> PERFORMANCE<br />
Activities wrap-up<br />
� Q2 <strong>2010</strong> was our best quarter ever in terms of reservations.<br />
� Closed the acquisition of 52% of Macor for Securities Investments Company (hotels); PHD’s<br />
stake has since grown to 60%<br />
� Successful conclusion of rights issue transaction<br />
• The first phase of PHD’s EGP 698.88 million rights issue was nearly 99% subscribed.<br />
• The second round, to cover the remaining 1%, was more than 500-times oversubscribed.<br />
� Conclusion of bulk sale deal with Burooj<br />
� New projects launched<br />
• <strong>Palm</strong> <strong>Hills</strong> Katameya Extension (New Cairo)<br />
• Hacienda White II (North Coast)<br />
• Botanica Phase II (Cairo-Alex Desert Road)<br />
• Seashell (North Coast)<br />
� Launch of “Power of 7” campaign<br />
• Seven-year payment terms for <strong>Palm</strong> <strong>Hills</strong> Katameya Extension (VGK 2) and <strong>Palm</strong> Parks.<br />
• The “Power of 7” contributed 145 units with a value of EGP 378.2 mln<br />
� Closing of approx. EGP 1.1 billion in long-term finance<br />
� New sales offices opened in Alexandria, London and UAE (Dubai)<br />
� Signature of Jumeirah management agreement<br />
� Signature of an MOU with Pradera<br />
Investors’ <strong>Presentation</strong> | November <strong>2010</strong><br />
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