SR.No: 78
Talaat Moustafa Group Holding (TMG)
Sector: Real Estate & Construction
Date of Establishment: 1970
Country: Egypt
CEO and Managing Director: Hisham Talaat Mostafa
Sales: $900 million
Profits: $105 million
Assets: $7.5 billion
Market Value: $751 million
TMG is Egypt’s largest listed real estate company in terms of assets and market cap. The group’s largest project is Madinaty, a city that can accommodate 700,000 residents. TMG is also developing the 5,000-acre Capital Gardens, with a total investment of more than $50 billion. The city is expected to accommodate more than 600,000 people once complete. TMG has a land portfolio of 74 million square meters, and the company says it has already developed 50%.