Tuesday 14 Jan
Talaat Moustafa Holding Group announced today, Monday, that Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Holding, has purchased 500,000 shares of the company's stock.
The Group stated that the purchase occurred during the previous trading session on the stock exchange. This announcement complies with listing and disclosure rules.
Talaat Moustafa Holding Group
previously reported record sales in 2024, exceeding half a trillion Egyptian
pounds (equivalent to ten billion US dollars) as of December 22nd.
At the time of the announcement
of these figures, TMG described this unprecedented achievement as a new
milestone in its journey, highlighting the strength and continuity of its
operations. This achievement reinforces the Group's position as a leading real
estate developer in the region and globally.
In 2024, the Group achieved sales of 28,000 units, a significant increase from the 17,000 units sold in 2023. This growth in sales and profits was primarily driven by the success of the SouthMED project on the North West Coast and the Banan project in Riyadh.
The Group's consolidated financial statements for the nine months ended last September showed a substantial increase in profits, reaching 9.06 billion Egyptian pounds compared to 2.69 billion Egyptian pounds in the same period of 2023.
