Saturday 18 May
Talaat Mostafa Group announced Monday that its board of directors has announced the purchase of treasury shares from the company's own resources. This program begins today, April 29, 2024, and continue for one month, until May 29, 2024.
Under the program, the purchase of shares will be according
to the market price of the share at the time of purchase.
This decision follows a period of significant growth in the
company's business activities.
According to the group's financial results, its net profit surged by 44% to 3.3 billion
pounds in 2023, compared to 2.3 billion pounds in 2022. This strong performance
was accompanied by contracted real estate sales reaching a significant 142.7
billion pounds during the past year.
The sales of the Group soared 186% in 2023, reaching 94.9
billion pounds compared to 33.2 billion pounds in 2022.
