UK court dismisses murder suit against Egyptian billionaire Hisham Talaat Moustafa
UK court clears Egyptian billionaire Hisham Talaat Moustafa in civil suit linked to Suzanne Tamim’s 2008 killing.
Skip to content
UK court clears Egyptian billionaire Hisham Talaat Moustafa in civil suit linked to Suzanne Tamim’s 2008 killing.
Hisham Talaat Moustafa's stake in TMG rebounds above $1 billion after a 10% share rally, adding $95 million in 22 days.
TMG posts $4.3 billion in H1 2025 sales, driven by high demand for Egypt’s coastal projects and expansion into Oman, Iraq.
Hisham Talaat Moustafa battles a London civil suit linked to a 2008 murder while driving record real estate sales across the Gulf.
TMG stock slumps 7%, wiping $78 million from Hisham Talaat Moustafa’s holdings amid Egypt’s cooling real estate sector.
The project, located near Sharm El-Sheikh, reflects the group's growing focus on high-end tourism and residential investments.
Hisham Talaat Moustafa’s TMG stake rebounds above $1 billion amid strong EGX rally and plans for $4.7 billion Oman expansion.
Cumulative real estate sales have now surpassed EGP1 trillion ($19.76 billion), cementing TMG’s place as Egypt’s most successful property developer.
TMG, controlled by Hisham Talaat Moustafa, eyes $17 billion from Iraq project as it pushes regional growth, betting on smart cities and recurring income beyond Egypt and Saudi Arabia.
The setback comes on the heels of a more positive period earlier this year, when his stake grew by $54.87 million.
Under the agreement, Alameda will manage and operate a state-of-the-art hospital within TMG’s flagship Madinaty development in East Cairo.
The recovery follows a sharp decline between Jan. 1 and Feb. 7, when the market value of his stake dropped by EGP 2.84 billion ($56.48 million).
The company’s growth is attributed to the continued success of its real estate ventures and the booming hospitality sector.
Egypt’s TMG Holding posts record $10 billion sales in 2024, a 253% surge, driven by expansion into Saudi Arabia and major North Coast projects.
His plan focuses on housing, infrastructure, and international cooperation to address the crisis.
Even with this decline, Moustafa remains one of Egypt’s wealthiest individuals, backed by his significant holdings in TMG.