
Egyptian real estate mogul Hisham Talaat Moustafa’s TMG reports $28.8 million in profit in Q1 2021
Hisham Talaat Moustafa owns a 43.16-percent stake in the conglomerate.
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.