7 companies owned by Egyptian billionaire Hisham Talaat Moustafa

Yusuf Abdulfatai -

Hisham Talaat Moustafa is not just a leading businessman, but a visionary force reshaping Egypt’s skyline. For more than 40 years, he has led Talaat Moustafa Group (TMG) from a local giant to a global real estate powerhouse, boasting a $6.4-billion empire.

As chairman and CEO since 2012, Moustafa’s transformative leadership turned TMG into a diversified behemoth, with projects like Privado-Madinaty, Celia, and Noor City redefining urban living. His eye for integrated communities, sustainability, and smart city tech fuels TMG’s $6.4-billion success story.

In 2023, Moustafa strategically entered the Saudi market with a $10.7-billion deal for a smart city in Riyadh, showcasing his ambition and foresight. TMG’s hotel portfolio, managed by Four Seasons and Kempinski, with 1,084 rooms across Egypt, reflects Moustafa’s confidence in the hospitality sector’s rebound.

Moustafa’s journey faced legal hurdles in the 2000s, but his resilience guided TMG through economic and political storms. His strategic adaptability marks him as a savvy businessman, ensuring TMG’s triumph.

Beyond profit, Moustafa champions social responsibility through the TMG Foundation, supporting education and social programs. His story isn’t just about buildings; it’s about shaping Egypt, venturing into new markets, and embracing innovation.

An entrepreneurial spirit, strategic vision, and unwavering commitment make Hisham Talaat Moustafa a titan in Egyptian real estate, leaving a lasting mark on cities, communities, and the global real estate scene.

Billionaires.Africa monitors seven influential companies under Moustafa’s control, attesting to his expertise and role in driving growth and success.

  1. TMG Holding
    TMG Holding, founded in 1974, stands as a powerhouse in Egypt’s real estate sector. Hisham Talaat Moustafa’s visionary leadership has propelled TMG to become one of the largest real estate holdings in Egypt. With a significant 43.16-percent stake, equivalent to 890,633,483 ordinary shares, Moustafa has secured his position as one of Egypt’s wealthiest investors. TMG is renowned for developing integrated projects, hosting a population of over 1 million residents across its various ventures, marking it as the highest for a private developer globally.
  1. Legacy Hotels
    Hisham Talaat Moustafa extends his influence to Egypt’s hospitality sector through TMG’s ICON subsidiary, acquiring a 39-percent stake in Legacy Hotels. This portfolio includes iconic properties like Sofitel Legend Old Cataract Aswan. The $800-million deal, in collaboration with the Sovereign Fund of Egypt, aims to revive historic hotels, projecting a twofold increase in consolidated revenues for ICON, surpassing $250 million in fiscal year 2024.
  1. Four Seasons Resort Sharm El Sheikh
    Spearheading a $380-million expansion in collaboration with the Kingdom Holding Company, Moustafa elevated the Four Seasons Resort Sharm El Sheikh. Adding 800 rooms transformed the resort into a symbol of luxury and a key player in Egyptian tourism. Moustafa’s leadership not only enhanced the resort’s status but also fostered economic growth and sustainability, solidifying his impactful vision in the Red Sea’s tourism landscape.
  1. Arab Company for Projects and Urban Development (ACpud)
    Hisham Talaat Moustafa transformed ACpud from a local developer to a leading force in Egypt’s urban development. Projects like Capital Gardens and Madinaty showcase his vision for sustainable, integrated urban development. With 99.99 percent ownership as a TMG subsidiary, Moustafa diversified ACpud’s portfolio beyond residential projects, strengthening its market position.
  1. Alexandria Real Estate Investment  
    Beyond his role as chairman and managing director, Moustafa’s impact on AREI is profound. Under his leadership, AREI evolved into a diverse real estate developer, contributing to major residential projects like Green Roda and Virginia Beach. His vision also led to the development of luxury tourist resorts such as Porto Marina and El Alamein Marina, contributing to economic diversification and leaving a lasting legacy on Alexandria’s skyline.
  1. San Stefano for Real Estate Investment SAE
    As a subsidiary under TMG Holdings with 72.18-percent ownership, San Stefano is a private investment and real estate company focused on Alexandria. Specializing in diversified real estate activities, it boasts five subsidiaries under its wing, achieving remarkable financial success and reinforcing its position in the real estate and property development markets.
  1. Hill TMG Facilities and Construction
    Established in 2015 as a TMG subsidiary, Hill TMG diversifies services and fosters growth with a 49-percent stake under Hisham Talaat Moustafa. Emphasizing excellence, advanced technologies, and eco-friendly practices, it ensures high-quality and sustainable facilities management, contributing to the overall success of TMG’s diverse portfolio.