Egypt’s real estate developer Palm Hills names new chief operating officer

Egypt’s real estate developer Palm Hills announced on Thursday the appointment of a new Chief Operating Officer, named Mohamed Fahmy.

Fahmy had been serving as a non-executive Board member since his appointment in April 2019 and had previously served as the Company’s Chief Financial Officer between 2007 and 2009, during which time he concluded the Company’s Initial Public Offering on the EGX and LSE.

With extensive management experience spanning near three decades, Fahmy brings valuable leadership to PHD’s executive team with local and international proficiency in Banking, Finance, and Investments including 5 years of senior executive positions in real estate in Egypt.

Most recently, Fahmy served as Chief Financial Officer and Executive Director of Investments for Kingdom Holding Company, which is majority owned by HRH Prince Al Waleed bin Talal.

Mohamed Fahmy commented: “I am honored to take on the role of COO at PHD, the Company where I started my career in the real estate industry, with excitement for the opportunities for growth and increased efficiency and accountability. PHD’s strategy has never been more compelling and I am energized to align PHD’s operations with its strategic vision”.

Yasseen Mansour, PHD’s Chairman and Group CEO commented: “Mohamed Fahmy is a trusted leader with a local and regional track record of delivering strong results. He is uniquely qualified to drive strategic prioritization to ensure operational excellence. I have full confidence in his ability to maintain and strengthen PHD’s leading position in Egypt’s real estate market, notably that we have worked closely
together during the period between 2007 and 2009”.

Source: Arab Finance