Latest news with #TMG
Zawya
08-07-2025
- Business
- Zawya
Egypt's Talaat Moustafa Group H1 sales jump 59% to $4.24bln
Egypt - Talaat Moustafa Group Holding (TMG), Egypt's largest listed real estate developer, announced contractual sales of EGP 211bn for the first half of 2025, a 59% increase compared to the same period last year. The company said the div represents its highest-ever half-year sales and reflects growing demand for its projects both inside and outside Egypt. In a statement to the Egyptian Exchange, TMG attributed the strong performance to customer confidence in its product quality, flexible marketing and sales mechanisms, and its strong financial position. Sales were led by its projects 'Madinaty,' 'Noor,' 'Privado,' and 'Celia' in East Cairo, the 'SouthMed' project on the North Coast, and the 'Banan' project in Saudi Arabia, highlighting the diversity of the group's portfolio. Talaat Moustafa Group added that the performance opens new prospects for expansion and reinforces its plan to enter promising regional markets, including Oman and Iraq. It said the aim is to continue growth and capitalise on rising demand for high-quality real estate in the region. Talaat Moustafa Group continues to reinforce its position as the largest developer in the Egyptian market, with a strategic focus on sustainable growth and increasing value for both shareholders and customers, the company said. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Daily News Egypt
07-07-2025
- Business
- Daily News Egypt
Egypt's Talaat Moustafa Group H1 sales jump 59% to EGP 211bn
Talaat Moustafa Group Holding (TMG), Egypt's largest listed real estate developer, announced contractual sales of EGP 211bn for the first half of 2025, a 59% increase compared to the same period last year. The company said the figure represents its highest-ever half-year sales and reflects growing demand for its projects both inside and outside Egypt. In a statement to the Egyptian Exchange, TMG attributed the strong performance to customer confidence in its product quality, flexible marketing and sales mechanisms, and its strong financial position. Sales were led by its projects 'Madinaty,' 'Noor,' 'Privado,' and 'Celia' in East Cairo, the 'SouthMed' project on the North Coast, and the 'Banan' project in Saudi Arabia, highlighting the diversity of the group's portfolio. Talaat Moustafa Group added that the performance opens new prospects for expansion and reinforces its plan to enter promising regional markets, including Oman and Iraq. It said the aim is to continue growth and capitalise on rising demand for high-quality real estate in the region. Talaat Moustafa Group continues to reinforce its position as the largest developer in the Egyptian market, with a strategic focus on sustainable growth and increasing value for both shareholders and customers, the company said.
CairoScene
02-07-2025
- Entertainment
- CairoScene
SouthMED by TMG Brings World-Class Thinkers to Egypt's North Coast
SouthMED by TMG Brings World-Class Thinkers to Egypt's North Coast At SouthMED by TMG, a new chapter in cultural curation unfolds—bringing global thought leaders to Egypt's North Coast for an unprecedented speaker series. What happens when you bring some of the world's most compelling minds together—not in Davos, not in Silicon Valley, but on the shores of Egypt's North Coast? This summer, SouthMED Talks by TMG is answering that question with a bold new speaker series that reimagines intellectual engagement as part of the summer lifestyle. Set against the backdrop of SouthMED by TMG, this private event series invites an exclusive audience into close conversation with some of the most influential thinkers of our time. The lineup is nothing short of remarkable. On July 4, Paul Collier, the celebrated Oxford economist behind The Bottom Billion, will unpack the future of development and global responsibility. One week later on July 11, Jason Silva, the viral futurist and former Brain Games host, will guide guests through an electrifying exploration of consciousness, creativity, and emerging technology. On July 18, Mo Gawdat, former Chief Business Officer at Google X and author of Solve for Happy, brings his visionary framework for engineered happiness and AI ethics to the North Coast. On August 1, the series welcomes tech legend Steve Wozniak, co-founder of Apple and a cornerstone of the digital age, reflecting on innovation, invention, and the future of human-machine collaboration. Each of these names has graced global stages—from TED to the World Economic Forum—but this marks the first time any of them will speak in Egypt. And the lineup doesn't end there. Further speakers will be announced in the coming weeks, expanding a summer programme already poised to reshape the cultural rhythm of Sahel. With SouthMED Talks, TMG is creating space for conversations that go beyond entertainment and escapism—championing a summer of ideas, dialogue, and curiosity.
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.
