Talaat Moustafa tops list, as stake in TMG Holdings explode to $1.28 billion, dethroning steel tycoon as Egypt’s top investor.
TMG Holdings
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This turnaround comes after a period of decline between late May and early June, when his stake slumped by EGP5.33 billion ($113.1 …
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Egyptian billionaire Hisham Talaat Moustafa’s TMG stake falls below $1.1 billion
This follows a $59.19 million gain between May 15 and 23, when the market value of his shares climbed from EGP51.4 billion …
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The recent upswing follows a decline of EGP5.29 billion ($109.87 million) in his stake in TMG Holdings between April 15 and 22.
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Despite the setback and financial challenges, Moustafa remains a prominent figure in the Egyptian business landscape.
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Moustafa’s stake in TMG Holdings is worth $311 million.