Hisham Talaat Moustafa’s stake falls by $110 million in 26 days

Key Points

• Hisham Talaat Moustafa’s stake in TMG drops by $110 million as the company’s shares fall 11.71% on the Egyptian Exchange (EGX) in 26 days.
• TMG’s share price has fallen 14.2% year-to-date, driven by slow market conditions and reduced demand in Egypt’s property sector.
• Moustafa’s wealth dropped from $947 million to $834 million as TMG’s market value declines below $2 billion due to stock price slump.

Egyptian businessman Hisham Talaat Moustafa, chairman of Talaat Moustafa Group (TMG), has seen a sharp drop in the value of his stake in the real estate firm, losing $110 million as the company’s shares fell on the Egyptian Exchange (EGX).

Moustafa’s wealth hit

Moustafa owns a 43.5 percent share in TMG, 890.57 million shares. The recent dip in the company’s stock has wiped out EGP5.67 billion ($110.72 million) from the value of his holdings, bringing their total estimated worth down to about $850 million.

The setback comes on the heels of a more positive period earlier this year, when his stake grew by $54.87 million. Between Feb. 25 and Mar. 13, the market value of his stake rose from EGP45.21 billion ($892.62 million) to EGP47.98 billion ($947.49 million), but those gains have now been erased.

TMG stock drops, Moustafa loses millions

TMG, founded by Hisham Talaat Moustafa in 1974, has grown into Egypt’s largest real estate holding company. Under Moustafa’s leadership, the company has strengthened its position as a major player in the industry and remains one of the most valuable stocks on the EGX.

Its share price has plunged by 11.71 percent over the past 26 days, falling from EGP54.4 ($1.062) on Mar. 18 to EGP48.03 ($0.94). This decline has dragged the company’s market capitalization below $2 billion, leading to losses amounting to millions of dollars for its shareholders, including Moustafa.

Hisham Talaat Moustafa’s stake in TMG has taken a hit following a recent drop in the company’s stock price. His stake, valued at EGP48.45 billion ($945.58 million) on Mar. 18, has since fallen to EGP42.77 billion ($834.86 million), resulting in a loss of EGP5.67 billion ($110.72 million) in just 26 days.

TMG shares down 14.2% YTD

TMG, a major player in Egypt’s real estate market, remains one of the top companies listed on the EGX. However, the stock has fallen 14.2 percent year-to-date, as the company faces challenges from a slow-moving market and reduced demand in the property sector. A $100,000 investment in TMG at the start of 2025 would now be worth around $85,770—reflecting a loss of $14,230.