Table of Contents
Key Points
- Hisham Talaat Moustafa's stake in TMG lost over $78 million in one week after a sharp drop in the company’s share price.
- TMG shares fell 7.18% in seven days, erasing recent gains and pushing the company’s market value below $2.3 billion.
- Year-to-date, TMG stock is down 2.12%, reflecting investor caution amid Egypt’s weakening real estate market.
Egyptian property billionaire Hisham Talaat Moustafa, chairman of Talaat Moustafa Group (TMG), has seen the value of his stake in the real estate giant drop by over $78 million following a steep decline in the company’s share price on the Egyptian Exchange (EGX).
Moustafa owns a 43.5-percent stake in TMG, equivalent to 890.57 million shares. Within just one week, the market value of his holdings fell from EGP52.1 billion ($1.04 billion) to EGP48.16 billion ($980.3 million), reflecting a total loss of EGP3.94 billion ($78.5 million).
The downturn follows a period of significant gains. Between April 9 and May 29, Moustafa’s stake surged by $144.85 million, climbing from $838.69 million to $983.54 million. But those gains have now been wiped out amid broader pressure on the Egypt real estate market.
TMG stock reverses gains after bullish rally
Founded by Hisham Talaat Moustafa in 1974, Talaat Moustafa Group (TMG) has become one of Egypt’s most recognizable names in real estate and hospitality, known for landmark projects such as Madinaty, Al Rehab and SouthMED.
But despite its strong brand and longstanding market presence, the company is feeling the squeeze of a tougher economic climate, slowing demand, higher construction costs, and less money in consumers’ pockets. In recent weeks, that pressure has shown up in the stock market.
Shares of TMG, the largest publicly traded real estate firm in Egypt, have slipped 7.18 percent over seven days, falling from EGP58.5 ($1.17) on June 11 to EGP54.08 ($1.08). That decline shaved millions off the company’s market value, which now sits below $2.3 billion, and delivered paper losses to investors, including Chairman Moustafa himself.
Your money and your life
So far this year, shares of TMG have slipped 2.12 percent, a sign of growing investor caution as Egypt’s residential property market cools. A $100,000 investment in TMG at the beginning of 2025 would now be worth approximately $97,880, a $2,120 decline in just under six months.
Despite the dip, the company’s underlying business remains solid. Still, the ongoing slowdown in the real estate sector may continue to weigh on the stock, along with the portfolios of major investors like Moustafa.
