Talaat Moustafa Group Holding (TMGH)

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News

19 February 2020 00:14 PM Talaat Moustafa Group in talks to build new project in new capital

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is in negotiations to set up a new project in the New Administrative Capital. Currently, there are plans to establish the project under the partnership scheme, the company said in a …

Companies Investments

9 February 2020 11:04 AM Talaat Moustafa Group appoints vice CEO

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) announced the appointment of Amr El-Kady as the company’s vice CEO and managing director. El-Kady has a wide experience in real estate development as he served as the CEO of City Edge …

Board of Directors

28 January 2020 02:28 PM CIAF Leasing, Talaat Moustafa to issue sukuk in 3 months

By: Fahd Omran Cairo – Mubasher: The Egyptian aircraft leasing company CIAF Leasing will issue the first corporate sukuk in February, head of the central department for corporate finance at the Financial Regulatory Authority (FRA), Sayed Abdel …

Sukuk and Islamic Finance

20 January 2020 04:06 PM Talaat Moustafa Group likely to finalise talks over west Assiut land in month

By: Abdullah Bedeir Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is in negotiations with the Ministry of Housing’s New Urban Communities Authority (NUCA) to purchase a land plot, the company’s CEO and managing director Hisham …

Real estate

20 January 2020 01:47 PM Talaat Moustafa Group to issue sukuk in April

By: Abdullah Bedeir Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is looking to issue sukuk by April, the company’s CEO and managing director Hisham Talaat Mostafa said. Over the course of 2020, the real estate developer aims to …

Sukuk and Islamic Finance

5 January 2020 05:47 PM Talaat Moustafa logs EGP 20.4bn sales in 2019, maintains 2020 outlook

Cairo – Mubasher: Talaat Moustafa Group Holding has achieved property sales of EGP 20.4 billion during 2019 when compared to EGP 21.3 billion in 2018. The sales included EGP 5.4 billion worth of income from non-residential units which recorded a …

Company News

8 December 2019 11:21 AM Talaat Moustafa’s unit gears up to issue EGP 2bn sukuk

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) announced that its subsidiary, Arab Company for Projects and Urban Development, is finalising the required procedures to issue sukuk worth EGP 2 billion in the coming period.   This …

Real estate

17 November 2019 00:39 PM Talaat Moustafa Group’s profit grows 10% in 9M

Cairo – Mubasher: The consolidated financial statement of Talaat Moustafa Group Holding (TMG Holding) posted a 9.9% year-on-year profit rise during the first nine months of 2019. Net profits grew to EGP 1.37 billion in the January-September period …

Financial Results

14 November 2019 11:06 AM Talaat Moustafa Group logs EGP 1.3bn net profit in 9M unaudited financials

Cairo – Mubasher: The unaudited financial results of Talaat Moustafa Group Holding (TMG Holding) reported an 11% year-on-year profit growth during the first nine months of 2019. Net profits increased to EGP 1.31 billion in the January-September …

Financial Results

1 October 2019 10:48 AM Talaat Moustafa Group mulls obtaining 500-feddan land in west Assiut

By: Abdullah Bedeir Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) currently considers obtaining a land plot in Nasser City in west Assiut through direct allocation to set up a comprehensive urban project, head of Nasser City …

Real estate

3 September 2019 02:40 PM EFG Hermes, Talaat Moustafa, GB Capital to launch mortgage JV in October

By: Islam Fadl Cairo – Mubasher: A new mortgage finance joint venture (JV) will be launched in October, CEO of EFG Finance Holding, the non-banking financial arm of EFG Hermes, Walid Hassouna, said.   Currently, the company’s board of directors …

Real estate

14 August 2019 00:40 PM Talaat Moustafa Group’s consolidated profits up 10% in H1-19

Cairo- Mubasher: The consolidated financial statements of Talaat Moustafa Group Holding (TMG Holding) showed an increase of 10% in profits by 10% during the first half of 2019, compared to the corresponding period last year. The profits of the …

Financial Results

7 August 2019 11:58 AM Talaat Moustafa's H1 unaudited financials show EGP 812m profit

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) reported an 11% year-on-year profit increase during the first half of 2019, the company’s unaudited consolidated financial results showed. The Egyptian property developer’s profit rose …

Financial Results

4 July 2019 04:54 PM EGX-listed real estate firms post EGP 6.6bn revenues in Q1

By: Abdullah Bedeir Cairo – Mubasher: Revenues of real estate companies listed on the Egyptian Exchange (EGX) grew by 5.49% year-on-year during the first quarter of 2019, according to statistics conducted by Mubasher. From January to March, …

Companies Investments

15 May 2019 01:15 PM Talaat Moustafa Group's Q1 profit grows 10%

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) posted a 10.01% year-on-year growth in its consolidated profits during the first quarter of 2019.  The Cairo-based property developer’s net profits amounted to EGP 374.7 million in the …

Financial Results

14 May 2019 00:46 PM Talaat Moustafa Group’s profit expected to rise 17% in Q1

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is expected to report a 16.7% year-on-year growth in its consolidated profits during the first quarter of 2019.  The Cairo-based property developer’s net profits amounted to EGP 361.2 …

Real estate

8 May 2019 03:44 PM Schroders Plc cuts stake in TMG Holding to 4.97%

Cairo – Mubasher: EFG Hermes announced that Schroders Plc has reduced its stake in Talaat Mostafa Group Holding (TMG Holding) to 4.97%. Schroders Plc sold 2.25 million shares in TMG Holding, cutting its stake to 4.97% from 5.08%, according to a …

Insider Trading & Treasury Stocks

21 April 2019 02:46 PM TMG Holding seeks to amend five-star hotel deal with Egoth

Cairo – Mubasher: Talaat Mostafa Group Holding (TMG Holding) is looking at amending its agreement with the Egyptian General Co. for Tourism & Hotels (Egoth) through one of its subsidiaries. Upon the deal, the Cairo-based real estate firm will …

Corporate Actions

17 April 2019 08:43 PM TMG Holding, EFG Hermes launch mortgage finance JV

Cairo – Mubasher: Talaat Moustafa Group Holding (TMGH), GB Capital, and EFG Hermes have signed an agreement to launch a mortgage finance joint venture. The new company will offer property units at competitive prices tailored for average Egyptian …

Companies Investments

17 April 2019 05:58 PM Talaat Moustafa: No slowdown in Egypt’s property market

Cairo – Mubasher: The CEO and managing director of Talaat Moustafa Group Holding, Hisham Talat Moustafa, said that the real estate market in Egypt is not witnessing a slowdown in the current time. Talaat Moustafa Group has launched various real …

Companies Investments

31 March 2019 00:55 PM TMG Holding OGM nods to EGP 365m dividends for FY18

Cairo – Mubasher: Talaat Moustafa Group Holding’s (TMG Holding) ordinary general meeting (OGM) has approved a cash dividend distribution of EGP 365 million or EGP 0.176 per share to shareholders for fiscal year 2018. The dividends will be paid to …

Real estate

25 March 2019 03:15 PM TMG Holding, Saudi Arabia in talks over residential project

By: Abdullah Bedeir Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is in talks with the Saudi Arabian Ministry of Housing to build a residential project in the Gulf kingdom, the company’s CEO revealed on Monday. The terms and …

Companies Investments

25 March 2019 02:46 PM TMG Holding eyes gov’t partnership to build social housing project

By: Abdullah Bedeir Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is looking to build social housing units in collaboration with the Egyptian government, the company’s CEO told reporters on Monday. The Egypt-based property …

Companies Investments

25 March 2019 02:27 PM TMG Holding logs EGP 4.1bn sales in 2019

By: Abdullah Bedeir Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) has generated EGP 4.1 billion in sales since the beginning of 2019, the company’s CEO said on Monday. The Egyptian real estate firm aims to raise its sales by 12.6% …

Financial Results

4 March 2019 11:28 AM TMG Holding logs EGP 3.2bn sales in 2M

Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) on Monday announced it has achieved sales of EGP 3.2 billion in the first two months of 2019, soaring 114% from EGP 1.5 billion in the year-ago period. Robust sales were mainly driven …

Real estate