Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rebounds above $1 billion

Key Points

• Hisham Talaat Moustafa’s stake in TMG rose $145 million in 49 days, pushing his wealth above $1 billion amid a strong EGX share rally.
• TMG plans $4.7 billion expansion in Oman, leveraging record $3.2 billion sales this year to grow beyond Egypt’s real estate market.
• Despite recent gains, TMG shares remain down 1.8% year-to-date, reflecting cautious investor sentiment amid profit-taking and regional market shifts.

Egyptian billionaire businessman Hisham Talaat Moustafa, chairman of Talaat Moustafa Group (TMG), has seen a notable recovery in his personal wealth. This comes after the value of his stake in TMG rose sharply, following a rebound in the company’s share price on the Egyptian Exchange (EGX).

Investor confidence returns as TMG shares erase earlier losses

Moustafa, who owns 43.5 percent of TMG—about 890.57 million shares—has seen the value of his stake increase by EGP7.21 billion ($144.85 million) in the last 49 days. This rise has pushed the worth of his stake back over the $1 billion mark, reaffirming his position as one of Egypt’s wealthiest businessmen.

This recent gain comes after a challenging period between March 18 and April 13, when his stake dropped by $110.72 million, falling from EGP48.45 billion ($945.58 million) to EGP42.77 billion ($834.86 million). The turnaround reflects renewed optimism among investors about TMG’s long-term potential and confidence in Egypt’s real estate market.

TMG eyes Gulf expansion with $4.7 billion Oman projects

TMG, founded by Hisham Talaat Moustafa in 1974, has grown to become Egypt’s largest real estate holding company. Under Moustafa’s leadership, the company has solidified its role as a key player in the industry and remains one of the most valuable stocks on the Egyptian Exchange.

The Cairo-based developer is preparing to expand into the Gulf region with two landmark mixed-use developments in Oman, potentially generating a combined $4.7 billion in total sales. The move marks a strategic push beyond Egypt, as the Cairo-based developer continues to dominate its home market. 

Fueled by strong demand—especially for its SouthMed project—TMG has already recorded $3.2 billion in sales so far this year. This impressive performance highlights the company’s continued strength and influence in Egypt’s real estate market.

Moustafa’s stake nears $1 billion as TMG stock rallies strongly

The company’s share price has climbed 18.23 percent over the past 49 days, rising from EGP46.9 ($0.94) on April 9 to EGP55 ($1.1), boosting its market capitalization to nearly $2.3 billion. This rally has delivered significant gains for shareholders, including chairman Hisham Talaat Moustafa.

Hisham Talaat Moustafa’s stake in TMG has climbed in value following the recent rally in the company’s shares. His holdings have risen from EGP41.77 billion ($838.69 million) on April 9 to EGP48.98 billion ($983.54 million), adding EGP7.21 billion ($144.85 million) in the past 49 days.

Despite rebound, TMG shares still down year-to-date

Despite the recent rebound, TMG shares have fallen 1.79 percent since the start of the year. This shows that investors have been taking profits while remaining cautious, as many Egyptian real estate companies begin exploring opportunities outside their home market. A $100,000 investment in TMG at the beginning of the year would now be worth $98,210, reflecting a loss of $1,790.