Sunday 23 Feb
Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Holding Group (TMG Holding), has further solidified his ownership in the company with the purchase of 450,000 shares on the Egyptian Stock Exchange.
This acquisition follows a purchase of 50,000 shares on Sunday, February 9th, and an additional 400,000 shares on Monday, February 10th, according to a statement from the Group to the Egyptian Stock Exchange. This latest investment comes after Hisham Talaat's purchase of 500,000 shares on January 12th.
TMG Holding has announced record sales exceeding half a
trillion pounds (approximately $10 billion USD) by December 22, 2024. This
unprecedented achievement underscores the company's robust performance and
continued growth.
The unprecedented sales volume reached approximately 28,000
units in 2024, a substantial increase from 17,000 units in 2023. Sales value surged 3.5 times compared to the
143 billion pounds recorded in 2023, demonstrating significant growth in both
volume and value.
This performance highlights the Group's consistent progress
toward sustainable growth, with a compound annual growth rate (CAGR) of 70% in
sales value since 2017, when sales totaled 13 billion pounds. This remarkable growth reflects the company's
strategic vision and commitment to transforming the regional real estate
market.
Talaat Moustafa Holding Group leads the region in terms of sales volume (number of units sold) and ranks second in terms of sales value among listed regional real estate companies. This strong performance, considering the selling price differences between Egypt and other regional markets, underscores the appeal of the group's real estate projects.
