Talaat Moustafa Group Holding
Forbes Middle East has named Egyptian businessman Hisham Talaat Moustafa to its list of the most powerful CEOs in the Middle East for 2025, placing him 35th in the real estate and hospitality sector.
Talaat Moustafa Group Holding (TMG), Egypt’s largest listed real estate developer, on Wednesday reported a 70% jump in its nine-month consolidated net profit after tax, driven by record real estate sales and strong growth in its hotel and recurring income activities.
Hesham Talaat Moustafa, the prominent Egyptian businessman and CEO and Managing Director of Talaat Moustafa Group Holding (TMG), made a notable public appearance with his family at the press conference announcing the sponsorship of the Grand Egyptian Museum (GEM) opening.
Egypt’s Minister of Public Enterprise, Mohamed Shimy, has met with Hisham Talaat Moustafa, CEO of Talaat Moustafa Group Holding (TMG), to discuss enhancing cooperation in major tourism and hotel projects, the ministry said.
Talaat Moustafa Group Holding (TMG) has signed a Memorandum of Understanding (MoU) to develop a large-scale, 14m sqm mixed-use project in Iraq, a move that will increase its land bank in regional markets to 29 million sqm.
The company stated in a filing to the EGX that the collaboration in implementing the Ras El Hikma project aligns with the group's strategy of creating continuous added value that benefits its shareholders by maximizing returns and creating additional value.
The financial indicators showed that its revenues increased during the period of 2019 to reach LE 5.1 billion, compared to LE 4.74 billion in the same period of the prior year.
GEMS Education will take over the exclusive operatorship and management of four new schools in the cities of Madinaty and Al Rehab in Egypt.
Sales of 2017 exceeded expectations in the initial budget that was set at LE 11.4 billion, then put at LE 13 billion.
Between January and the end of June, TMG registered LE 4.91 billion in net sales.
In contrast to expectations of a weak real estate market following the flotation of Egyptian pound in November.
