Egyptian businessman Hisham Talaat Moustafa to pocket $5.5 million in dividends from real estate conglomerate
Moustafa is one of the richest investors on the Egyptian Exchange.
Moustafa is one of the richest investors on the Egyptian Exchange.
Moustafa’s stake in TMG Holding is worth $286.2 million.
Hisham Talaat Moustafa holds a 43.16-percent stake in the group.
The Talaat Moustafa family’s stake in TMG Holdings is now worth $364.4 million.
Moustafa’s stake in TMG Holdings is worth $311 million.
Moustafa controls a 43.16-percent stake in the conglomerate for the Talaat Moustafa family.
Hisham Talaat Moustafa owns a 43.16-percent stake in the conglomerate.
Moustafa failed to realize dollarized profits from his position.
Moustafa controls a 43.16-percent stake in the conglomerate for the Talaat Moustafa family.
Moustafa, who played a key role in the firm’s transformation, controls a 43.16-percent stake in the conglomerate.
The multimillionaire made the pledge during a phone call with the country’s minister of youth and sports.
TMG is one of the largest conglomerates in Egypt, founded by the late Talaat Moustafa in 1974.
Iraq’s instability over the past 30 years has created a demand for housing projects.
The group’s shares have risen after reports that it posted net profits of $28.48 million in Q1 2021.
Moustafa is implementing the project through his TMG Holding in partnership with the Egyptian government.