22. Palm Hills Developments (PHD)
Sector: Real Estate & Construction
Chairman and Group CEO: Yasseen Mansour
Market Value: $210 million
Sales: $364 million
Profits: $33 million
Assets: $1.5 billion
PHD has a land bank of over 30.6 million square meters, in West Cairo, East Cairo, Alexandria, and North Coast. In 2023, PHD delivered more than 15,000 units within its developments. In December 2023, Marriott International signed an agreement with PHD to open The Ritz-Carlton Cairo, which will open in 2027. Al Mansour & Al Maghrabi for Investments and Development is the major shareholder in PHD, with a 41.19% stake. Yasseen Mansour, Chairman and Group CEO of PHD, had a net worth of $1.2 billion as of May 2024, according to Forbes.