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Egyptian real estate billionaire Hisham Talaat Moustafa, chairman of Talaat Moustafa Group (TMG), has seen the market value of his stake in the Cairo-based property developer surge above $1.3 billion, following a recent rally in share price on the Egyptian Exchange (EGX).
Stock rally boosts billionaire’s fortune
Over the past two weeks, Moustafa’s stake in TMG—amounting to about 43.5 percent, or roughly 890.57 million shares—has increased in value by EGP12.26 billion ($259.26 million). His holdings rose from EGP50.25 billion ($1.06 billion) on Oct. 23 to EGP62.52 billion ($1.32 billion), marking one of the sharpest gains among Egypt’s publicly traded tycoons this quarter.
This surge follows an earlier rise between Sept. 11 and Oct. 5, when his stake appreciated from EGP47.19 billion ($988.43 million) to EGP50.76 billion ($1.06 billion), a gain of nearly $750 million, which reflects investor's confidence in TMG’s long-term fundamentals amid a broader recovery in Egypt’s property market.
A cornerstone in Egypt’s real estate market
Founded in 1974 Talaat Moustafa Group has evolved into one of Egypt’s leading developers, thanks to its high-end communities, large-scale residential projects and hospitality ventures. Under Moustafa, the group has continued to expand its portfolio, thus making it one of the most valuable real estate companies on the EGX.
TMG’s shares have surged 24.4 percent, from EGP56.43 ($1.20) to EGP70.2 ($1.49), pushing its market capitalization to nearly $3 billion. The stock’s recent strength has rewarded long-term shareholders and reinforced TMG’s position as a leading player in the sector.
Investors regain confidence
So far this year, TMG shares are up 27.06 percent. A $100,000 investment in January would now be worth about $127,060, reflecting steady investor returns in a market still navigating inflationary pressures and currency fluctuations.
TMG seems to be on firmer ground as we head into 2026, thanks to new residential and hospitality projects. The company remains a bellwether for Egypt's property industry and a sign of sustained optimism in the country's real estate sector.
