Latest news with #SouthMed
Zawya
08-07-2025
- Business
- Zawya
Egypt: TMG Holding hits record $4bln in H1 2025 sales
Arab Finance: Talaat Moustafa Group Holding (TMG Holding) reported record-high new sales of EGP 211 billion in the first half (H1) of 2025, marking a 59% increase from EGP 133 billion in the same period last year, as per a disclosure. The surge was driven by continued demand for TMG's signature projects across Egypt and Saudi Arabia, including SouthMed on the North Coast, Madinaty, Privado, Nour, Celia, and Banan. The company attributed its strong performance to growing market recognition of its brand and the sustained appeal of its residential offerings. TMG said the results reflect its deep understanding of local and international demand dynamics and its ability to capture new opportunities. TMG also highlighted upcoming regional expansion into Oman and Iraq, which it said will support continued growth in sales and profitability across all business segments. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
24-06-2025
- Business
- Daily News Egypt
TMG named top Developer at Egypt's Top 100 List
Talaat Moustafa Group (TMG) Holding was named Egypt's top real estate developer for 2025 and topped a list of the country's 100 strongest companies at the Egypt toward the Best Summit held on Monday under the patronage of Prime Minister Mostafa Madbouly. The summit, organised to honour influential companies and figures in the Egyptian economy, awarded TMG Holding, led by CEO Hisham Talaat Moustafa, its most prominent prize by placing it first on the 'Top 100' list. According to the organisers, the list is compiled by Amwal Al Ghad magazine and investment banks, based on a study of companies listed on the Egyptian Exchange, using criteria including revenues, net profits, market value, and assets. TMG also won the award for the Number One Real Estate Developer in Egypt. Organisers attributed this to the company securing the largest share of the Egyptian market in 2024, accounting for 43% of total sales estimated at EGP 1.17 trillion. TMG achieved contractual sales of EGP 504 billion last year, representing 253% growth. The summit's organisers classified TMG as the largest real estate developer in Egypt, with a land portfolio of 125.9 million square metres across Egypt, Saudi Arabia, Oman, and Iraq. The company's sales nearly tripled in 2024, driven by the launch of its Banan project in Saudi Arabia and the South Med project in Egypt, which has generated EGP 352 billion in sales since its launch in July 2024. The company's projects include the integrated cities of Al-Rehab and Madinaty in New Cairo, the Celia project in the New Administrative Capital, and the Noor smart city in Capital Gardens. Omar Abdel Rahman, TMG's Deputy CEO for Marketing, accepted the awards on behalf of the CEO in the presence of the ministers of local development and labour. The summit, held under the theme 'Makers of Achievement… An Eye on the Future,' was attended by senior officials including Presidential Advisor for Economic Affairs Hala El-Said, Financial Regulatory Authority Chairman Mohamed Farid, Egyptian Exchange Chairman Ahmed El-Sheikh, and the heads of the Egyptian Space Agency and the Grand Egyptian Museum.
Egypt Today
17-06-2025
- Business
- Egypt Today
TMG climbs to 4th in Forbes' Top 50 Public Companies in Egypt' list on surging sales, assets
Talaat Moustafa Group Holding (TMG) has climbed to fourth place on the Forbes Middle East list of 'Top 50 Public Companies in Egypt for 2025', following a substantial increase in sales and assets. The real estate developer was also named the leading company in its sector for the year. The company advanced two places to secure the fourth position. The ranking reflects growth that saw the company's sales rise to $837m from $593m, while net profits increased to $284m from $70m. Total assets grew to $7bn from $4.2bn. TMG's performance was supported by its operations as Egypt's largest real estate developer, with a land portfolio of 125.9 million square metres across Egypt, Saudi Arabia, Iraq, and Oman. In 2024, the group's sales tripled to $10bn, driven by the launch of the 'Banan' project in Saudi Arabia and the 'SouthMed' project in Egypt. The 'SouthMed' project has generated $7bn in sales since its launch in July 2024. In 2025, TMG continued its regional expansion with projects in Iraq and Oman, increasing its international land portfolio to 29 million square metres. The company said it anticipates generating approximately $33bn in sales from its projects across the three regional markets. The performance of Egyptian companies listed in the 'Top 50' showed broad growth over the past year. According to the report, the total assets of these companies grew by 33% to $118.8bn by the end of December 2024, a figure equivalent to over 34% of Egypt's GDP. Combined sales for the 50 firms increased by 34.5% to $35.6bn, and net profits rose by 45% to $6.5bn. Their collective market capitalisation reached $35.1bn as of market close on 25 April 2025, a 19.6% increase from the previous year's $29.4bn. The banking and financial services sector had the largest representation on the list with 17 companies, which together accounted for $13.5 billion in sales and $78.4bn in total assets. The industrial, real estate, and construction sectors followed, each with seven companies on the list. According to the publication, its research team gathered financial data from the Egyptian Exchange to compile the ranking. Companies were classified using four equally weighted metrics: sales, total assets, and net profits for the 2024 fiscal year, along with market capitalisation based on market close on 25 April 2025. Companies with equal scores received the same rank. Firms that had not disclosed their audited 2024 financial statements by 25 April 2025 were excluded from the list. The report used foreign currency exchange rates from 25 April 2025.
Daily News Egypt
17-06-2025
- Business
- Daily News Egypt
TMG climbs to 4th in Forbes' Top 50 Public Companies in Egypt' list on surging sales, assets
Talaat Moustafa Group Holding (TMG) has climbed to fourth place on the Forbes Middle East list of 'Top 50 Public Companies in Egypt for 2025', following a substantial increase in sales and assets. The real estate developer was also named the leading company in its sector for the year. The company advanced two places to secure the fourth position. The ranking reflects growth that saw the company's sales rise to $837m from $593m, while net profits increased to $284m from $70m. Total assets grew to $7bn from $4.2bn. TMG's performance was supported by its operations as Egypt's largest real estate developer, with a land portfolio of 125.9 million square metres across Egypt, Saudi Arabia, Iraq, and Oman. In 2024, the group's sales tripled to $10bn, driven by the launch of the 'Banan' project in Saudi Arabia and the 'SouthMed' project in Egypt. The 'SouthMed' project has generated $7bn in sales since its launch in July 2024. In 2025, TMG continued its regional expansion with projects in Iraq and Oman, increasing its international land portfolio to 29 million square metres. The company said it anticipates generating approximately $33bn in sales from its projects across the three regional markets. The performance of Egyptian companies listed in the 'Top 50' showed broad growth over the past year. According to the report, the total assets of these companies grew by 33% to $118.8bn by the end of December 2024, a figure equivalent to over 34% of Egypt's GDP. Combined sales for the 50 firms increased by 34.5% to $35.6bn, and net profits rose by 45% to $6.5bn. Their collective market capitalisation reached $35.1bn as of market close on 25 April 2025, a 19.6% increase from the previous year's $29.4bn. The banking and financial services sector had the largest representation on the list with 17 companies, which together accounted for $13.5 billion in sales and $78.4bn in total assets. The industrial, real estate, and construction sectors followed, each with seven companies on the list. According to the publication, its research team gathered financial data from the Egyptian Exchange to compile the ranking. Companies were classified using four equally weighted metrics: sales, total assets, and net profits for the 2024 fiscal year, along with market capitalisation based on market close on 25 April 2025. Companies with equal scores received the same rank. Firms that had not disclosed their audited 2024 financial statements by 25 April 2025 were excluded from the list. The report used foreign currency exchange rates from 25 April 2025.
Zawya
08-05-2025
- Business
- Zawya
Egypt: Talaat Moustafa Group records $3.15bln in sales year-to-date
Egypt - Talaat Moustafa Group (TMG), a prominent developer and investment company in Egypt's real estate and hospitality sectors, has recorded total real estate sales of EGP 160bn year-to-date. This performance includes EGP 70bn in sales achieved in a single day from the second phase launch of its North Coast project, SouthMed. The company announced that the second phase launch of SouthMed generated EGP 70bn in sales on one day, a div that surpassed the demand observed during the project's first phase in 2024. Approximately 5,100 units were sold on that day, bringing the total sales for the SouthMed project to over EGP 352bn since its inception in July 2024. Talaat Moustafa Group overall real estate sales of EGP 160bn year-to-date represent a 127% year-on-year growth. In a disclosure to the Egyptian Exchange on Wednesday, the group stated that this achievement confirms its position in the market, with its sales performance serving as a clear and solid benchmark. The group's performance in 2025 follows a strong 2024, when its sales surpassed EGP 500bn. TMG reported a 70% compound annual growth rate (CAGR), which it said demonstrates the strength of its business model and brand. The company attributed its success to strong trust from over 200,000 high-net-worth clients, deep market insight, high-quality developments, and innovative payment systems that it stated are influencing standards across Egypt's real estate sector. Talaat Moustafa Group has surpassed EGP 1trn in cumulative real estate sales. The company holds a land bank of over 107 million square metres and is pursuing regional expansions aimed at boosting its growth and foreign currency generation. The company highlighted its entry into the Saudi market last year as a significant development, noting it as the first Egyptian developer to export high-quality real estate to Gulf countries on this scale and an entity that has set new benchmarks in the region. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
