Wednesday 15 Jan
On Tuesday, Talaat Moustafa Holding Group announced that CEO and Managing Director, Hisham Talaat Moustafa, had acquired an additional 350,000 shares in the Group on Monday. This follows his purchase of 500,000 shares on Sunday. The Group stated that these disclosures are in compliance with listing and disclosure regulations.
In a significant move, businessman Hisham Talaat Moustafa has acquired a substantial stake in Talaat Moustafa Holding Group, purchasing 850,000 shares within two days. He acquired 500,000 shares on Sunday followed by 350,000 shares on Monday.
It's noteworthy that the
Group's stock experienced a remarkable surge in 2024, climbing from EGP 24.15
to EGP 56, an impressive 131% increase. This robust performance was fueled by
the Group's exceptional achievements, including record sales exceeding half a
trillion Egyptian pounds (approximately ten billion US dollars) as of December
22.
In the same year, the Group
achieved an unprecedented sales volume of approximately 28,000 units, a
substantial increase compared to the 17,000 units sold in 2023. This growth was
fueled by the strong market response to the launch of the SouthMED project in
the North West Coast and its Banan project in Saudi Arabia.
Talaat Moustafa Holding Group characterized the 2024 results as an exceptional achievement, marking a new milestone in its journey. These figures underscore the company's strength, the continuity of its operations, and solidify its position as a leading player in the real estate sector, both regionally and globally.
