TMG hits $3.4 billion in market capitalization, becomes Africa’s second-largest listed REIT

Cairo-based property powerhouse Talaat Moustafa Group (TMG) Holding, led by billionaire Hisham Talaat Moustafa, has added over $300 million to its market value in 2026, cementing its dominance as North Africa’s most capitalized REIT and Africa’s top real estate developer. 

TMG’s capitalization this year has enjoyed a single-digit rise, climbing from $3.1 billion in January, when its share price was EGP 80 ($0.984), to EGP 86.13 ($1.65). Since then, the company has sustained its momentum, peaking at EGP96.37 ($1.85) on February 18, fueled by record-breaking sales, regional expansion, and strategic developments such as its SouthMED coastal megaproject. 

TMG’s share price on the Egyptian Exchange(EGX) rose by more than 20%, reaching a market capitalization of $3.73 billion on February 18. The firm’s profit reached EGP18.2 billion ($350.32 million) in 2025, marking a 42.54% year-on-year increase.

The earnings per share (EPS) grew to EGP6.98 ($0.13) as of December 31, 2025, from EGP4.37 ($0.08) a year earlier. Meanwhile, the consolidated revenues stood at EGP62.49 billion ($1.2 billion) at the end of 2025, an annual surge of 46% from EGP42.67 billion ($821.28 million).

TMG records sales surge

TMG continues to stun the market with its SouthMED projects. The project has now generated contractual sales of EGP382.2 billion ($7.35 billion), supported by the launch of Sharm Bay as well as the Joud and Yamal projects in the Sultanate of Oman toward the end of the year. At the same time, it achieved a substantial build-up in our unrecognized sales backlog, which reached EGP441.2 billion ($8.49 billion) across our existing projects. This underscores the strength of the TMG brand, sustained end-user demand, and the depth and quality of our current project pipeline, having successfully crossed the EGP 1 trillion ($19.76 billion) mark in cumulative real estate sales, solidifying its position as the nation’s undisputed market leader.

TMG’s Regional expansion

TMG’s valuation surge also reflects its successful geographic diversification. Following its Banan project in Saudi Arabia, the company is now expanding into Oman to replicate its “smart city” development model. These cross-border plays provide a natural hedge against the Egyptian pound’s depreciation and boost its foreign exchange earnings. Since 2017, TMG has recorded a compound annual growth rate (CAGR) of over 70% in real estate sales. It now commands more than 50% of total sales among Egypt’s top ten developers in a sector contributing over 20% to national GDP.

TMG under Hisham Talaat Moustafa

Founded in 1974, TMG is now the country’s largest developer by both market share and delivery capacity. CEO Hisham Talaat Moustafa, who owns 43.16% of the group, has steered the firm with a long-term strategy focused on high-margin, asset-light growth. TMG’s pipeline of self-sustaining, smart urban communities integrates upscale living with world-class infrastructure and sustainable development.

SouthMED, spanning 23 million square meters on Egypt’s North Coast, is a cornerstone of this strategy. The mixed-use development includes luxury villas, a marina, golf courses, and more than 2,000 hotel rooms managed by international hospitality brands.

Aggressive marketing has supported the brand’s high-end positioning. Cinematic ad campaigns featuring global icons Sylvester Stallone and Thierry Henry have brought international attention to SouthMED.