KEY POINTS
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Hisham Talaat Moustafa’s TMG stake has risen above $1.3 billion.
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Investors’ confidence in Hisham Talaat Moustafa’s TMG stake continues to fuel share gains.
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The property developer’s shares are up 27.06 percent this year.
Following a dramatic increase in the share price of the company on the Egyptian Exchange, Egyptian billionaire Hisham Talaat Moustafa, chairman of Talaat Moustafa Group Holding, has seen the value of his shareholding in the Cairo-based real estate developer soar past $1.3 billion.
TMG shares lift Hisham Talaat Moustafa’s fortune
Moustafa’s 43.5 percent ownership, or about 890.57 million shares, has increased in value by EGP12.26 billion ($259.26 million) in just the last two weeks. He now owns EGP62.52 billion ($1.32 billion), one of the biggest gains of any Egyptian businessman on the exchange this quarter, up from EGP50.25 billion ($1.06 billion) on October 23.
This most recent increase comes after a prior surge from September 11 to October 5, during which his shareholding increased from EGP47.19 billion ($988.43 million) to EGP50.76 billion ($1.06 billion). Amid indications of a resurgence in Egypt’s real estate market, investors’ faith in Talaat Moustafa Group’s long-term fundamentals was reinforced by that earlier gain, which was valued at around $750 million.
The Talaat Moustafa Group was established in 1974 and has grown to become one of Egypt’s leading real estate developers. The company’s portfolio consists of huge metropolitan developments, upscale residential communities, and a growing number of hospitality projects. The group has expanded steadily under Moustafa’s direction, enhancing its standing as one of the most valuable companies on the EGX.
Investors show confidence in TMG’s future
In recent weeks, the company’s stock has increased by 24.4 percent, from EGP56.43 ($1.20) to EGP70.2 ($1.49), bringing its market capitalization to nearly $3 billion. Long-term shareholders have benefited from the boom, which has also strengthened TMG’s position as a major player in Egypt’s real estate market.
According to billionaire Africa, shares of Talaat Moustafa Group have increased 27.06 percent since the year began. A $100,000 investment made in January would now be worth about $127,060, demonstrating the company’s steady profitability in spite of currency fluctuations and inflationary pressures.
The group is moving forward into 2026 with new residential and hotel developments under work. TMG continues to be a predictor of Egypt’s real estate market and an indication of investor optimism for the country’s overall economic future.
