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Talaat Moustafa Group will nearly double its hotel portfolio to as many as 40 properties over the next decade, chief executive Hisham Talaat Moustafa said.
Egypt's Talaat Moustafa Group has signed a landmark MoU with Saudi Arabia's $925 billion PIF to develop mixed-use real estate projects across the Kingdom.
Hisham Talaat Moustafa served nine years in prison, walked out in 2017 and built Egypt's largest listed real estate developer into an $8 billion annual sales machine.
Egyptian real estate billionaire Hisham Talaat Moustafa has partnered with Saudi Arabia's Sela to create an integrated entertainment and live events ecosystem across Egypt.
Hisham Talaat Moustafa's Legacy Hotels signed a deal with Robert Trent Jones II to redevelop the historic Mena House golf course in Giza, which overlooks the Pyramids of Giza.
Hisham Talaat Moustafa's TMG posted a 24% Q1 profit rise to EGP 5.5 billion ($110 million) on strong Egyptian and Saudi real estate sales.
Hisham Talaat Moustafa met Egypt's prime minister to discuss TMG's expansion plans, including a major new mixed-use project in East Cairo.
Talaat Moustafa Group has been ranked Egypt's top listed real estate developer for 2026 by Forbes Middle East, capping a record year.
Egypt’s Talaat Moustafa Group says 2025 net profit rose 43% to EGP 18.2bn, fueled by stronger real estate and hotel revenue and a larger sales backlog.
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.