Talaat Moustafa Group Holding (TMG) announced that its largest wholly owned subsidiary, the Arab Company for Projects and Urban Development, has received an upgrade in its local credit rating from A+ to AA-, with its outlook revised from positive to stable, as per a disclosure.

Talaat Moustafa Group Holding’s (TMG Holding) ordinary general meeting (OGM) has approved the board of directors’ proposal to distribute cash dividends of EGP 0.250 per share to shareholders for 2024, according to a statement on May 11th.

Talaat Moustafa Group Holding (TMG Holding) reported a 136.55% year-on-year (YoY) growth in consolidated net profit after tax and minority interest for the first nine months of 2024.

Talaat Moustafa Group Holding (TMG Holding) has generated unprecedented sales of EGP 470 billion year-to-date until November 6th, compared to EGP 108 billion over the same period last year.

Talaat Moustafa Group Holding (TMG Holding) has partnered with Huawei to integrate AI-powered cloud technology in its Noor City project, located East Cairo.

Talaat Moustafa Group Holding (TMG Holding) is looking forward to entering the consumer finance field through Orion Facility Management Services.

Talaat Moustafa Group Holding (TMG Holding) expects to double its dollar revenues over the coming period to reach $856 million by 2028, based on market expectations and the future performance of the hotel sector.

Talaat Moustafa Group Holding (TMG Holding) reported a 149.27% year-on-year (YoY) surge in consolidated profits excluding taxes and minority interests during the first half (H1) of 2024, registering EGP 3.889 billion, compared to EGP 1.560 billion.

Talaat Moustafa Group Holding (TMG Holding) has generated unprecedented sales of EGP 390 billion year-to-date until July 29th, compared to EGP 60 billion over the same period last year.

Talaat Moustafa Group Holding (TMG Holding) has generated EGP 200 billion in sales from the newly-launched SouthMed project in the North Coast, only in six working days from bookings open.

The Arab Organization for Industrialization (AOI) has partnered with Talaat Moustafa Group (TMG) and the Swiss elevator and escalator manufacturer Schindler to localize the supply, assembly, testing, and operation of some elevator components in Egypt.

Talaat Moustafa Group Holding (TMG Holding) has unveiled SouthMed, its first project in the North Coast with investments estimated EGP 1 trillion ($21 billion).

Talaat Moustafa Group Holding (TMG Holding) has generated EGP 37.1 billion in sales from the Banan City project in Saudi Arabia during the January-May period of 2024.

Talaat Moustafa Group Holding (TMG Holding) is currently getting ready to launch South Mead, its new project in the North Coast.

Talaat Moustafa Group Holding (TMG Holding) reported a 219.76% year-on-year (YoY) surge in consolidated profits attributable to the parent company during the first quarter (Q1) of 2024, registering EGP 2.390 billion.

Talaat Moustafa Group Holding (TMG Holding) has recorded contractual sales and reservations booked year-to-date until May 20th, 2024, of more than EGP 100 billion for 9,303 units.

Talaat Moustafa Group Holding (TMG Holding) will pay EGP 0.22 per share in cash dividends to shareholders for 2023 earnings.

Talaat Moustafa Group Holding (TMG Holding) is planning to complete the first phase of the Banan City project, situated in the northeast of Riyadh, Saudi Arabia, within four years.

The Riyadh-based National Housing Company (NHC), in collaboration with Talaat Moustafa Group Holding (TMG Holding), has laid the foundation stone of the Banan City project situated northeast of Riyadh.

Talaat Moustafa Group Holding (TMG Holding) has signed the final agreement for purchasing the plot of land of Banan City as well as the project’s launch.