Egyptian billionaire Yasseen Mansour makes $4 million from Palm Hills

Key Points

• Yasseen Mansour’s Palm Hills stake surged over $4 million in 6 days as shares climbed 9.64% on the Egyptian Exchange. 
• Mansour owns 324 million shares, now worth $47.31 million, reinforcing his position among Egypt’s top real estate moguls. 
• Palm Hills shares are up 11.31% year-to-date, signaling strong investor confidence despite Egypt’s economic challenges.

Egyptian billionaire and real estate tycoon Yasseen Mansour has watched the value of his stake in Palm Hills Developments jump by EGP207.54 million ($4.16 million) in just under a week, following a sharp uptick in the company’s share price on the Egyptian Exchange (EGX).

Mansour, one of Egypt’s most influential businessmen and a key member of the billionaire Mansour family, holds an 11.26 percent stake in the Cairo-based developer, amounting to 324 million shares. Over the past 15 days, the company’s stock has risen by 9.64 percent, boosting Mansour’s stake from EGP2.15 billion ($43.15 million) to EGP2.36 billion ($47.31 million).

This latest increase builds on a previous gain of around $5 million between April 9 and May 6. During that period, his stake rose in value from EGP2.04 billion ($40.25 million) to EGP2.3 billion ($45.31 million), underscoring a consistent rise in his stake in the real estate company.

Palm Hills stock outperforms regional peers

Palm Hills, part of one of Egypt’s biggest conglomerates—the Mansour Group—is among the country’s leading real estate developers. The company focuses on creating integrated residential, commercial, and resort communities throughout Egypt. Despite ongoing economic challenges, demand for its projects has stayed strong.

Since May 19, Palm Hills’ share price has climbed from EGP 6.64 ($0.1331) to EGP 7.28 ($0.1459), pushing the company’s market value over $420 million. This growth highlights Palm Hills as a key player in Egypt’s real estate market.

Experts say the rise reflects solid demand for mixed-use developments and strong pre-sales, even with inflation, high interest rates, and pressure on the Egyptian pound. As Palm Hills continues to perform well compared to its regional competitors, Yasseen Mansour seems well-placed to benefit from renewed investor interest in Egyptian property.

Your money and your life

So far this year, Palm Hills shares have gained 11.31 percent, showing growing confidence in Egypt’s real estate sector despite broader economic uncertainty. A $100,000 investment in Palm Hills stock at the start of 2025 would now be worth about $111,310—a gain of $11,310.