Hisham Talaat Moustafa’s TMG stake increases by $321 million, surpasses $1 billion
Hisham Talaat Moustafa’s stake, amounting to 890,566,601 shares, has gained EGP29.46 billion ($321.54 million) in market value since the beginning of the year.
Hisham Talaat Moustafa’s stake, amounting to 890,566,601 shares, has gained EGP29.46 billion ($321.54 million) in market value since the beginning of the year.
This recovery follows a brief decline of EGP6.03 billion ($124.2 million) between July 9 and Aug. 1
This follows a $59.19 million gain between May 15 and 23, when the market value of his shares climbed from EGP51.4 billion ($1.1 billion) to EGP54.1 billion ($1.16 billion).
The recent upswing follows a decline of EGP5.29 billion ($109.87 million) in his stake in TMG Holdings between April 15 and 22.
Despite the setback and financial challenges, Moustafa remains a prominent figure in the Egyptian business landscape.
Moustafa’s stake in TMG Holdings is worth $311 million.