Talaat Moustafa Holding Group (TMG Holding) reported a staggering 310% year-on-year increase in net profit for the first half of 2024, the company disclosed in an Egyptian Exchange statement
The report emphasized the significance of supporting the secondary market for the new generation and underscored the importance of implementing a well-designed mortgage system to manage resale risks effectively
ADQ and ADNEC will invest through a special purpose vehicle, with 49% equity ownership by ADQ and 51% by ADNEC
Emiratis dominated the list with 19 entries, followed by Egypt’s 16 and Saudi Arabians taking 15 spots. Forbes registered 27 CEOs from the banking and financial sectors, followed by 8 telecom CEOs
Egyptian real estate developers took 6 spots in the list, with top ranked local developer Talaat Mostafa Group Holding (TMG) at number 10
