Table of Contents
Key Points
- Moustafa’s stake in TMG rebounds above $1 billion after adding $95 million in 22 days, driven by a 10.3% rise in share price.
- TMG shares gain 2.4% year-to-date despite wider market concerns, pushing market cap beyond $2.3 billion.
- Strong demand and sector confidence fuel recovery, helping TMG outperform and reinforcing Moustafa’s status among Egypt’s richest.
Egyptian billionaire Hisham Talaat Moustafa, chairman of the Talaat Moustafa Group (TMG), has seen the value of his stake in the real estate company climb back above $1 billion, following a steady recovery in the company’s share price on the Egyptian Exchange (EGX) in recent weeks.
Moustafa regains billion-dollar stake value
Moustafa, who holds a 43.5 percent stake in TMG, has added EGP4.7 billion ($95 million) to his net worth over the past 22 days. The increase has pushed the value of his stake above EGP50.39 billion ($1.02 billion), reinforcing his standing among Egypt’s wealthiest business leaders.
This marks a clear reversal from June, when TMG’s stock slipped and Moustafa’s stake dropped by about $78.5 million in just one week. Since then, renewed confidence in the sector and strong demand for TMG’s projects have helped lift the company’s shares.
Shares bounce back as confidence returns
TMG, founded by Moustafa in 1974, has grown into Egypt’s largest real estate holding company. Under his leadership, it has become one of the most closely watched stocks on the EGX.
Over the past three weeks, TMG’s share price has climbed 10.3 percent—from EGP51.30 ($1.04) on June 19 to EGP56.58 ($1.14). The rally has pushed the company’s market capitalization to more than $2.3 billion, rewarding shareholders with a healthy gain.
As a result, Moustafa’s stake has grown from EGP45.69 billion ($922.75 million) to over EGP50.39 billion ($1.02 billion) within the same period—a gain of EGP4.7 billion ($95 million).
TMG defies market, gains 2.4 percent YTD
Despite broader concerns around slowing demand in Egypt’s residential sector, TMG shares are up 2.4 percent year-to-date (YTD). A $100,000 investment in TMG at the start of 2025 would now be worth about $102,410—delivering a modest return of $2,410 in six months.
Looking ahead, Moustafa continues to steer the company’s expansion beyond housing into hospitality and mixed-use developments. With TMG still a dominant force on the EGX, his influence in Egypt’s business world remains strong. The company’s ability to weather economic uncertainty will be closely watched in the second half of the year.
