CAIRO: Palm Hills Developments confirmed that all of its assets are intact and the company has resumed operation, according to a news release.
The company’s management has confirmed that, to the best of their knowledge, all the staff and property development sites are safe and secure.
Management also confirmed with the Egyptian Stock Exchange that the stock will be trading normally when the market reopens on Feb. 13.
Management also indicated that Palm Hills will proceed with a planned construction build-out this year, despite any short-term interruptions to construction work or lost sales, according to Beltone Financial’s report.
