PRESSR: Dallah Albaraka Group and Palm Hills Developments partner to co-develop 97-feddan land in East Cairo

About this update from Palm Hills Development Co.

Cairo, Egypt – Samla & Alam Al Roum for Urban Development, a subsidiary of Dallah Albaraka Holding, announced today that it has entered into a strategic partnership with Palm Hills Developments (PHD), one of Egypt’s largest real estate developers, to co-develop a 97-acre land plot in East Cairo. This landmark agreement represents a major step forward in both companies’ growth strategies as they collaborate to develop a new mixed-use community that addresses the growing demand for high-quality residential and commercial destinations in East. Eng. Abdulaziz Yamani, CEO of Dallah Albaraka Holding, commented on the partnership “This agreement reflects our confidence in the Egyptian economy and its real estate sector, as well as in Palm Hills as a trusted and strategic development partner. Together, we aim to create a vibrant destination that adds long-term value to New Cairo and enhances the urban landscape of East Cairo”. The collaboration underscores both companies’ shared commitment to supporting Egypt’s economic growth and delivering sustainable, high-value developments that contribute to the country’s ongoing urban expansion. About Dallah Albaraka Group Dallah Albaraka is a leading business groups in Saudi Arabia and the Middle East, with diversified investments across multiple industries and sectors, including real estate development, financial and banking services, healthcare, food and beverage, entertainment, tourism, and other strategic fields. Through its wide-ranging ventures, Dallah Albaraka strives to establish enduring foundations that enhance quality of life and foster sustainable conditions for the growth of businesses and communities. For more information, please visit: www.dallah.com About Palm Hills Developments Palm Hills Developments (“PHD”), a leading real estate developer in Egypt, is a joint stock company established in 1997. The Company builds integrated communities and has one of the most diversified land bank portfolios, spreading over 42.3 million square meters ("sqm"). PHD’s product offerings include primary homes on both West Cairo and East Cairo and Alexandria, as well as secondary homes in the North Coast (Mediterranean Sea) and Ain Sokhna (Red Sea). PHD is traded stocks on the Egyptian Stock Exchange under the ticker "PHDC.CA". For more information, please visit: www.palmhillsdevelopments.com Send us your press releases to [email protected] Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

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