Talaat Moustafa Group Holding (TMGH)

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News

30 July 2024 02:57 PM SouthMED, Banan projects drive TMG Holding’s 550% YoY profit surge in 7M-24

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) reported a 550% year-on-year (YoY) jump in sales to EGP 390 billion ($8.10 billion) during the first seven months (7M) of 2024 from EGP 60 billion. The significant increase in …

Financial Results

3 July 2024 10:32 AM TMG Holding launches EGP 1trn SouthMed project on Egypt’s North Coast

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding), in partnership with the Egyptian government, has launched SouthMed, its first project on Egypt’s North Coast, with total investments of EGP 1 trillion ($21 billion) over an …

Companies Investments

2 July 2024 10:28 AM TMG Holding’s unit partners with Schindler to localise lift industry in Egypt

Cairo – Mubasher: Atrium for Contracting, a subsidiary of Talaat Moustafa Group Holding Company (TMG Holding), has signed a framework cooperation agreement with global lift manufacturer Schindler Group, to localise the industry in Egypt. Under the …

Companies Investments

9 June 2024 11:05 AM TMG Holding achieves EGP 122bn sales in 5M-24

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) has achieved total sales of EGP 122 billion in the first five months (5M) of 2024, up from EGP 45 billion in the same period the year before. The surge in sales include EGP …

Real estate

30 May 2024 01:10 PM TMG Holding’s consolidated profit leaps to EGP 4.1bn in Q1-24

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) logged a consolidated net profit of EGP 4.13 billion during the first quarter (Q1) of 2024, a surge from EGP 700.13 million in the same quarter a year earlier. Consolidated …

Real estate

22 May 2024 10:21 AM TMG Holding’s contractual sales surpass EGP 100bn

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) achieved contractual real estate sales and reservations exceeding EGP 100 billion year-to-date (YTD) until 20 May 2024. Covering 9,303 units, the sales value is higher than …

Real estate

12 May 2024 04:44 PM NHC, TMG break ground on SAR 40bn Banan City project in Saudi Arabia

Riyadh – Mubasher: Saudi Arabia’s National Housing Company (NHC), in collaboration with Talaat Moustafa Group Holding Company (TMG Holding), has laid the foundations for the Banan City project in Riyadh with SAR 40 billion (approximately $12 …

Real estate

25 March 2024 04:59 PM TMG Holding’s general assembly greenlights 2023 dividends

Cairo – Mubasher: The ordinary general meeting of Talaat Moustafa Group Holding Company (TMG Holding) approved a cash dividend of EGP 0.22 per share for 2023. The dividends will be paid in two equal installments on 31 May and 31 July 2024, …

Cash Dividends

3 March 2024 00:52 PM TMG Holding’s ICON finalises acquisition of 7 historic hotels in Egypt

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) announced completing all procedures for the acquisition of a 51% stake in the management rights of Legacy Hospitality and Touristic Projects, which owns seven historic hotels in …

Real estate

28 February 2024 01:35 PM TMG Holding’s consolidated profits soar 44% YoY in 2023; board nods to dividends

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) posted a 44% year-on-year (YoY) surge in consolidated net profits after taxes and non-controlling interests to EGP 3.31 billion in 2023 from EGP 2.30 billion. The company’s …

Cash Dividends

25 February 2024 01:44 PM TMG Holding partners with ADQ, Modon Properties to develop $24bn Ras El-Hekma project

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) has entered into an agreement with Abu Dhabi-based investment and holding firm ADQ and Modon Properties to collaborate on the development of the $24 billion Ras El-Hekma …

Real estate

14 January 2024 02:56 PM ADQ, ADNEC to acquire majority stake in TMG Holding’s hospitality arm

Mubasher: Abu Dhabi-based investment and holding firm ADQ and ADNEC Group inked definitive agreements to acquire a 40.50% stake in Talaat Moustafa Group Holding Company (TMG Holding) hospitality arm, ICON, through a capital increase. The two UAE …

Companies Investments

19 November 2023 11:37 AM TMG reports EGP 19.14bn real estate sales in 9M-23; profits jump 34%

Cairo – Mubasher: The consolidated net profits after tax and non-controlling interest of Talaat Moustafa Group Holding Company (TMG Holding) reached EGP 2.68 billion in the first nine months (9M) of 2023. The recorded net profits hiked by 34% …

Financial Results

11 September 2023 00:04 PM TMG Holding, Saudi NHC team up for SAR 40bn development project

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) and the Saudi National Housing Company (NHC) joined forces for a development project estimated at a value of SAR 40 billion. The two parties signed the agreement on 10 September …

Real estate

14 August 2023 05:41 PM TMG records higher net profits in Q2, H1-23

Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) achieved consolidated net profits after tax worth EGP 1.55 billion in the first half (H1) of 2023, compared with EGP 1.08 billion in H1-22. TMG registered real estate …

Real estate

28 May 2023 02:59 PM Talaat Moustafa Group’s net profits surge in Q1-23

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) witnessed consolidated net profits after tax worth EGP 700.13 million in the first quarter (Q1) of 2023, an annual jump from EGP 553.98 million. Revenues hit EGP 2.86 billion in the …

Real estate

9 May 2023 00:01 PM Talaat Moustafa Group announces EGP 20.17bn contracted sales in Q1-23

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) reported contracted sales amounting to EGP 20.17 billion in the first quarter (Q1) of 2023, according to a bourse filing. During the January-December 2022 period, the consolidated net …

Real estate

22 March 2023 02:14 PM Talaat Moustafa Group unveils EGP 400m dividends for 2022

Cairo – Mubasher: The shareholders of Talaat Moustafa Group Holding (TMG Holding) approved the board’s recommendation to disburse EGP 400 million as cash dividends for 2022. The board members suggested a divided distribution of EGP 0.19 per share …

General Assembly

19 February 2023 11:55 AM Talaat Moustafa Group logs EGP 2.23bn consolidated profits in 2022; dividends proposed

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) achieved consolidated net profits after tax worth EGP 2.23 billion in 2022, up 25% from EGP 1.78 billion in 2021. Revenues hit EGP 19.87 billion in the 12-month period that ended on 31 …

Board of Directors

2 January 2023 11:51 AM Talaat Moustafa Group's sales cross EGP 33bn in FY22

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) announced achieving unprecedented new net sales of EGP 33.20 billion during fiscal year (FY) 2022, beating its own market sales record of 2021 and crossing the upper limit of its annual …

Real estate

14 November 2022 03:25 PM Talaat Moustafa Group’s profits soar 15% in 9M-22

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) recorded higher annual net profits by 15% during the first nine months (9M) of the year at EGP 1.96 billion from EGP 1.70 billion. The property developer’s revenues surged by 23% to EGP …

Financial Results

8 August 2022 00:12 PM Talaat Moustafa Group’s H1-22 profit surpasses EGP 1bn

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) reported a 27% year-on-year (YoY) growth in its consolidated net profits during the first half (H1) of 2022. The EGX-listed company registered net profits after tax worth EGP 1.08 …

Real estate

24 May 2022 03:07 PM Talaat Moustafa Group’s consolidated profits leap 27% in Q1-22

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) has logged consolidated net profits after tax worth EGP 553.98 million in the first quarter (Q1) of 2022, an annual jump of 27% from EGP 434.63 million. Revenues enlarged by 12% to EGP …

Financial Results

7 March 2022 00:34 PM Talaat Moustafa Group sees 8% higher profits in 2021; dividends proposed

Cairo - Mubasher: The consolidated net profits of Talaat Moustafa Group Holding (TMG Holding) rose by 8% to EGP 1.78 billion in 2021 from EGP 1.65 billion in 2020. The company generated revenues of EGP 15.34 billion in 2021, up 9% from EGP 14.09 …

Board of Directors

1 March 2022 04:09 PM Talaat Moustafa Group's real estate sales hit EGP 32.4bn in 2021

Cairo - Mubasher: Talaat Moustafa Group Holding (TMG Holding) has recorded a 95% surge in its real estate sales to around EGP 32.4 billion in 2021, compared to EGP 16.6 billion in 2020, marking unprecedented levels in Egypt's real estate sector. …

Macroeconomics