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Palm Hills Developments appoints Hazem Badran and Tarek Tantawy as CEOs


Palm Hills Developments "Palm Hills" or "the Company", one of the leading real estate development companies in Egypt, announced the appointment of Hazem Badran and Tarek Tantawy as the company's co-CEO and delegated members of the Board of Directors, following the approval of the Board of Directors during its meeting held on May 30, 2021.


It is worth noting that Yassin Mansour will continue in his position as Executive Chairman of the Board, along with the new executive group to implement the company's strategies and policies. Hazem Badran has 22 years of experience in finance, investment and non-bank financial services in the MENA region. He has served as CEO of CI Capital Holding for Financial Investments and Chairman of the Board of Directors of Korbles Corporation. Prior to that, he spent 9 years with EFG Hermes Holdings (“Hermes Holdings”) and had a key role as CEO in maximizing EFG Hermes’ position to become the largest investment bank in the MENA region. Badran held several key positions at Hermes Holding, Including CEO of EFG Hermes in Syria and Lebanon and managing director of the investment banking sector.


Prior to joining Palm Hills, Tarek Tantawy held the position of Co-CEO and Managing Director of CI Capital Holding for Financial Investments, his career spanning more than 23 years of experience in many fields, and Tantawy held several senior positions in leading Egyptian companies, including CEO and Managing Director of Telecom Egypt, Head of the Financial Sector of Bayti Company (a joint venture between Almarai and PepsiCo), Executive Vice President of the Investment Banking Sector at Sigma Capital, and Senior Adviser in the Corporate Finance Department of FinRit Consulting.


Following the issuance of the Board of Directors’ decision, Yassin Mansour, Chairman of the Board of Directors, said, “I am pleased to welcome Hazem Badran and Tariq Tantawy to join the Palm Hills Development family in their executive position. Based on the company's precedent over the past two decades, and I look forward to working and cooperating with them supported by the current management. I have full confidence in their abilities to maintain and enhance Palm Hills Development's leading position in the real estate sector in Egypt."

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