Latest in Tag: TMG Highlight
Latest in Tag: TMG
TMG pays EGP 44bn for Capital Gardens City’s land value in 2021: CI Capital
CI Capital expects project’s housing unit sales would record about EGP 826bn
Madinaty firefighters rescue cat that fell from balcony
A video of one of the firefighters of Madinaty fire department rescuing a cat who fell on the balcony of a building went viral on social media. Madinaty, which is located in east-Cairo is affiliated with the Hisham Talaat Mostafa, the CEO of Talaat Moustafa Group. Several social media users on the groups and pages …
NUCA sells 5k-feddan land plot in Capital Gardens City to TMG subsidiary
Project will see EGP 500bn of investments and create 3.5m jobs, says Hisham Talaat Moustafa
Health Ministry, Tahya Misr Fund, TMG sign protocol providing 4 million doses of COVID-19 vaccines
Egypt’s Minister of Health and Population Hala Zayed signed a cooperation protocol, on Tuesday, with the Tahya Misr Fund and Talaat Moustafa Group (TMG) to provide vaccines for the novel coronavirus (COVID-19) to two million citizens. Zayed said that TMG has donated to ensure that the coronavirus vaccine will be given to two million low-income …
Developing 1m residential units can increase Egypt’s GDP by EGP 2trn annually: Hisham Talaat Moustafa
Hisham Talaat Moustafa said that talks over launching a mortgage finance initiative for under-development units are very good, but outlook must be broader
Sheikh Zayed City names Hisham Talaat Moustafa’s TMG as urban development pioneer
The award has come in recognition of Al Rabwa project by TMG, which has contributed to raising the Sheikh Zaied’s development rates.
12.7% interest rate sees TMG’s Al-Rehab bonds deemed safe investment
The coupon return was due and collected by bondholders on 10 June 2020, while the bonds mature in August 2021.
TMG, NBE, Banque Misr sign EGP 4bn strategic partnership
TMG CEO and Managing Director for the Arab Company for Projects and Urban Development, Hisham Talaat Moustafa, praised the vital role played by Egypt’s banking sector in general, and the NBE and Banque Misr in particular, in supporting Egypt’s real estate sector.
TMG reports 69.4% y-o-y sales decline, but revenues remain solid despite pandemic
The figures bring sales for the first half (H1) of 2020 to EGP 4.5bn, representing a downturn of 61.9% y-o-y. On a sequential basis, the company’s sales performance seemed to hold its ground, portraying a slight 0.4% quarter-on-quarter (q-o-q) increase.
TMG announces capabilities to deal with COVID-19
Company reported EGP 243m in its hotel revenues during first two months of 2020
TMG donates EGP 62m as part Covid-19 response
Donation recipients include Tahya Misr Fund, Health Ministry, ‘A Decent Life’ initiative
TMG Sukuk records 2.5 bid-to-cover ratio: EFG Hermes
FRA earlier approves first Sukuk offering worth EGP 2bn
TMG’s awaited Sukuk expected to help buoy market rebound
The issuance is reportedly to have a positive impact in three ways, given the current crisis facing Egypt’s economy due to the ongoing coronavirus (Covid-19) pandemic.
TMG to launch EGP 2bn sukuk next week
TMG is targeting sales in the fiscal year (FY) 2019/20 similar to those in FY19, of EGP 20.4bn.
TMG sterilises Al Rehab, Madinaty cities to ensure safety of residents
The campaign is fully consistent with the directives of the Ministry of Health, as well as occupational health and safety requirements. The campaign includes sterilisation of all administrative buildings for workers, as well as roads and elevators.
World’s largest sovereign wealth fund invests $36.3m in TMG
Given the recent growth in the real estate sector in Egypt, the Oil Fund increased its investments in Egyptian real estate companies last year, with total investments amounting to $96.5m in seven firms. TMG had the largest share of them.
TMG plans to launch EGP 2bn worth sukuk before March end
CIAF delays its Sukuk programme to mid-year
Hisham Talaat Moustafa invests EGP 1.5bn to establish Four Seasons-branded hotel in Luxor
Hisham Talaat Moustafa said that the signing is an indicator of the great development witnessed in Egypt’s public sector, ”partnership between private and public sector is better than ever, which will positively impact the Egyptian economy.”
TMG to sponsor 5 Egyptian athletes qualified to Tokyo Olympics 2020
Company allocates unlimited budget for the players
Hisham Talaat Moustafa: Egypt’s real estate giant (Video & Info graph)
It is more difficult to stay on top than to get there. This is what businessperson Hisham Talaat Moustafa, the best Egyptian real estate developer, is working on.
Competition in Egypt’s FM increased by 60% among local companies: TMG
Issam added that competition within the FM sector in Egypt is growing rapidly as a result of the accelerated pace of urban development, and the competitiveness rate has increased by at least 60% among local companies.
TMG’s sales score EGP 11.7bn in 1H2019, shares up 37%
Naeem expects cooling down of sales in Celia during 2019
Talaat Mostafa Group achieves EGP 4.4bn sales, EGP 476.7m net profit in Q1 2019
TMG Holding announced an increase of its property revenue to EGP 1.2bn by end March
Talaat Mostafa Group: Egypt’s leading real estate developer
In 2018 TMG achieved EGP 1.7bn in profits, followed by MNHD with EGP 1.08bn, Palm Hills EGP 811.7m
Hisham Talaat Moustafa’s projects houses 0.7% of Egyptians
The population who inhabit Talaat Moustafa Group’s (TMG) projects reached about 700,000, according to the group’s data.
TMG, GB Capital, EFG Hermes launch mortgage finance company
New partnership will offer long-term, competitive mortgages, increasing affordability to better serve Egypt’s growing population of homebuyers
Elsewedy Electric, TMG lead Egyptian companies in world’s largest sovereign wealth fund portfolio
Norwegian ‘Government Pension Fund Global’ invests $428m in EGX until end-2018
TMG enters strategic alliance in education sector with Hermes, GEMS
EFG Hermes will finance equity component of transaction on its own balance sheet
TMG posts 100% hike in 2017 sales, highest level since 2008
Sales have exceeded the company’s targeted annual budget to EGP 13.1bn
TMG denies Alwaleed bin Talal investments as company’s falls
The group says it received several inquiries regarding bin Talal’s investments