Talaat Moustafa Group

The Talaat Moustafa Group (TMG), one of the largest conglomerates in Egypt, was founded by the late Talaat Moustafa and is headed by his son, Hisham Talaat Moustafa. The group is known for the development of integrated communities, included mixed-use real estate and hospitality projects across Egypt. It holds a land bank of 53 million square meters in addition to the 33 million square meters already developed since its inception 50 years ago.

Talaat Mostafa Group Holding Co S.A.E.
(مجموعة طلعت مصطفى القابضة (ش.م.م
Talaat Moustafa Group
Native name
مجموعة طلعت مصطفى القابضة
Société Anonyme Égyptienne
Traded asEGX: TMGH
EGX 30 Component
ISINEGS691S1C011
IndustryAgriculture, Construction, Manufacturing, Real Estate
Founded1974
FounderTalaat Moustafa
Headquarters
Cairo
,
Egypt
Area served
Egypt
Key people
  • Tarek Talaat Moustafa (Executive Chairman)
  • Hisham Talaat Mostafa (CEO)
  • Hany Talaat Mostafa (Executive Member)
Products
Revenue E£13 billion (2017)
E£2.096 billion (2017)
E£1.38 billion (2017)
Total assets E£73.1 billion (2017)
Total equity E£29.15 billion (2017)
OwnerTalaat Moustafa's Family
Number of employees
100,000+ (2020)
Websitetalaatmoustafa.com

The Talaat Moustafa family, which includes the daughter of Talaat Moustafa, Sahar Talaat Mostafa,[1] owns 51% of the group's total stock; the rest is owned by Egyptian and Arab investors. Comprising 23 companies, the group is estimated to be worth 26.7 billion Egyptian pounds at the current market capitalization and employs more than 12,000 people along with 60,000 additional workers at its various project sites. In November 2007, the company's shares were made public. The construction branch is managed by Moustafa's eldest son, Tarek Talaat Moustafa, who is also the former head of the Egyptian Lower Parliament's housing committee. The agricultural branch and its Lamar Egypt brand are managed by his second eldest son, Hani Talaat Moustafa. The real estate branch is managed by his youngest son and former member of the Egyptian Shura Council, Hisham Talaat Moustafa.

Projects

Cities and Communities

TMG is behind some of Egypt's largest community developments, including the New Cairo cities of Madinaty, El Rehab, and Celia. Other developments including May Fair in El Sherouq City, El Rabwa in Sheikh Zayed City, Virginia Beach in the North Coast of Alexandria, and El Radwa El Khadraa in El Agamy.

Hotels and Resorts

TMG's hospitality endeavors include Four Seasons Nile Plaza, Four Seasons Sharm El Sheikh, Four Seasons San Stefano, and Kempinski Nile Hotel.

The Four Seasons Nile Plaza is widely considered the finest and most secure hotel in Cairo, offering presidential-level security and accommodations to visiting heads of state and top government officials.

Following an announcement in 2017 for the expansion of the Four Seasons Sharm El Sheikh, upon completion, the hotel will be the largest Four Seasons Resort in the world. The expansion is being jointly financed by Riyadh-based Kingdom Holdings [2]

In 2016, TMG announced plans to build a Four Seasons hotel in its New Cairo property Madinaty, part of a 500 acre development and expansion in New Cairo. Plans to build a Four Seasons hotel in Luxor were made in 2008, but put on hold in the wake of the Egyptian Revolution. In 2020, TMG announced plans to continue the project in Luxor, providing financing of 1.5 billion Egyptian Pounds to complete a 200 room Four Seasons in the historic city.[3]

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References
  1. El-Din, Gamal Essam (April 23, 2016). "Pro-Sisi bloc sweeps elections of Egypt parliament's 25 committees". Ahram Online. Retrieved 30 October 2016.
  2. "Mubashar English". Mubashar.
  3. "Enterprise". Enterprise.


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