23. Palm Hills Developments (PHD)
Sector: Real Estate & Construction
Chairman and Group CEO: Yasseen Mansour
Market Value: $198 million
Sales: $440 million
Profits: $42 million
Assets: $1.6 billion
PHD has a land bank of over 29 million square meters. It had delivered 13,564 units within its developments as of 2022. The company has projects under development across Egypt in West Cairo, East Cairo, North Coast, and Alexandria, with a total sales backlog of over $776 million. Founder, Group CEO and Chairman Yasseen Mansour has a net worth of $1.3 billion, according to Forbes World’s Billionaires 2023 ranking. Mansour-Maghraby Investment and Development Company is the major shareholder, with a 41.5% stake.