Talaat Moustafa Group Holding

The Company invests, establishes and participates in companies within different business sectors, such as real estate, hotels and hospitality, construction and housing. With more than 20 years of experience in the development industry, TMG is considered one of the leading businesses operating in Egypt. TMGs vision is 'community development' through establishing self-sustained residential city and community complexes for the upper and middle classes.
Financial Performance:
TMGH released its 2010 financial results, showing a drop of 15% YoY in bottom line to EGP940mn in 2010, compared to EGP1,106mn in 2009. On the other hand, top line showed a 10% increase to EGP5,339mn in 2010 compared to EGP4,822mn in 2009. Moreover, TMGH released its 1Q11 financial results, showing a drop of 48% YoY in bottom line to EGP169mn in 1Q11 compared to EGP324mn in 1Q10 and came lower than CICRe by 11% that stood at EGP190mn.