Strategic Partnership between Talaat Moustafa Group and Alameda in the field of High-Quality Medical and Healthcare

Talaat Moustafa Group and Alameda Group, a leading international hospital operator, have forged a strategic partnership to develop and manage premium, high-quality medical and healthcare services across Talaat Moustafa's projects.

The agreement was signed by Mr. Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Holding Group, and Dr. Fahad Khater, Chairman of Alameda Company, in the presence of several leaders from both companies.

Under this agreement, Alameda will manage and operate a new, internationally accredited hospital in Madinaty, TMG's flagship urban community. This project serves as the inaugural venture in a series of similar collaborations within TMG's developments in Egypt and beyond in the field of high-quality medical and healthcare services.

The 200-bed facility will provide comprehensive medical services, aligning with TMG's strategy to provide all integrated services to the residents of its projects, ensuring a sustainable quality of life for its 1.2 million residents and the broader East Cairo population of over 4.5 million.

It is worth mentioning that EFG Hermes served as the exclusive financial advisor for the deal.

Mr. Hisham Talaat highlighted that the partnership with Alameda Group reflects the TMG's commitment to collaborating with leading companies in various fields to integrate cutting-edge technologies and meet evolving customer needs.

He stated that the operation of Madinaty Hospital represents an investment that reinforces the proven success of the Group's diverse urban projects, and expands the integrated service portfolio available to Madinaty residents. The city is well-equipped with services such as comprehensive medical centers and clinics, emergency ambulance services, administrative facilities such as bank branches, business and company offices, civil government services such as real estate registry, civil registry, post office, passport office, traffic department, educational services, sports and religious institutions, transportation options, and commercial and recreational amenities.

Commenting on this partnership, Dr. Fahad Khater, Chairman of Alameda Healthcare Group, praised Alameda's role as both investor and operator of the new hospital in Madinaty. He noted Alameda's confidence in this distinguished partnership with TMG that will set new benchmarks for integrated healthcare services in Egypt and the whole region.

Dr. Khater added that this cooperation will result in the sustainable development of communities in terms of healthcare services according to the best international standards. He further stressed that this agreement aligns with the group's core mission of facilitating access to high-quality healthcare services for all segments of society.

He also indicated that the Madinaty hospital is the first of many joint projects aimed at providing distinguished medical services planned for TMG's communities in Egypt, Saudi Arabia, and beyond.

Talaat Moustafa Group is a prominent real estate and tourism developer, and one of the largest integrated institutions in Egypt and the Middle East. Over the past 55 years, it has successfully established self-sufficient, integrated-service cities and urban communities across Egypt.

Alameda Group, a leading healthcare brand and Egypt's largest private healthcare provider, operates a wide network of leading hospitals and specialized medical centers, including Al Salam International Hospital and Dar Al Fouad Hospital, the German Rehabilitation Center, and others. Alameda provides high-quality healthcare services and works to expand its health services and invest locally and regionally.