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Egyptian billionaire Hisham Talaat Moustafa, chairman of Talaat Moustafa Group (TMG), has regained billionaire status after a rally in the company’s stock lifted the market value of his holdings back above the $1 billion mark. The rebound underscores renewed investor confidence in both TMG and Egypt’s recovering real estate market.
Moustafa gains $74.8 million in three weeks
Moustafa, who controls about 43.5 percent of TMG—roughly 890.57 million shares—has gained EGP3.57 billion ($74.8 million) in the past three weeks. His stake rose from EGP47.19 billion ($988.43 million) on Sept. 11 to EGP50.76 billion ($1.06 billion) as of early October.
The gain comes after a difficult period between mid-August and early September, when TMG’s share price slipped, cutting his stake below $1 billion. The recent turnaround reflects stronger buying activity on the Egyptian Exchange and fresh optimism around Egypt’s housing and infrastructure sectors, as the sectors continue to grow despite economic headwinds.
TMG shares lift market cap to $2.5 billion
Founded in 1974, TMG has grown into one of Egypt’s largest listed real estate companies, best known for its upscale developments, gated communities, and mixed-use projects that continue to attract both local and overseas buyers. Under Hisham Talaat Moustafa’s leadership, the company remains among the most valuable stocks on the Egyptian market.
Since Sept. 11, TMG shares have climbed 7.6 percent, from EGP52.99 ($1.11) to EGP57 ($1.19), lifting its market capitalization to nearly $2.5 billion. The rally has rewarded investors with steady gains and helped restore confidence in the stock.
TMG shares are up 3.17 percent year-to-date
Year to date, the shares are up 3.17 percent. A $100,000 investment in January would now be worth $103,170. With new projects underway and a stable outlook for Egypt’s property sector, TMG empire appears on firmer ground heading into the final quarter of 2025.
