Egyptian billionaire Hisham Talaat Moustafa’s TMG stake rises above $1.65 billion

Egyptian real estate billionaire Hisham Talaat Moustafa, chairman of Talaat Moustafa Group (TMG), has seen the market value of his stake in the Cairo-based property developer surge above $1.65 billion, following a sustained rally in share price on the Egyptian Exchange (EGX).

TMG, Egypt’s largest publicly listed developer, is seeing renewed investor demand even as inflation and currency volatility weigh on sentiment, with the Egyptian pound down roughly 8.2% against the dollar year-to-date.

Stock rally boosts billionaire’s fortune

Over the past 156 days, Moustafa’s stake in TMG, amounting to about 43.16% of the company’s shares, or roughly 890.57 million shares, has increased in value by EGP14.7 billion ($162.25 million). His holdings rose from EGP71.25 billion ($1.49 billion) on Jan. 1 to EGP85.95 billion ($1.66 billion), marking one of the strongest gains among Egypt’s publicly traded stocks this year.

The rally follows strong first-quarter results that underscored the group’s earnings momentum. The Cairo-based developer reported net profit of EGP5.5 billion ($104 million) for the three months ended March 2026, up 24% from EGP4.4 billion ($83 million) a year earlier. Its backlog expanded to EGP457.9 billion (approximately $8.65 billion), reinforcing long-term revenue visibility.

The performance highlights sustained operational strength and the continued evolution of TMG’s diversified business model, while also reflecting renewed investor confidence in its long-term fundamentals amid a gradual recovery in Egypt’s property market.

TMG market cap tops $3.8 billion

Founded in 1974, Talaat Moustafa Group has evolved into one of Egypt’s leading developers, thanks to its high-end communities, large-scale residential projects and hospitality ventures. Under Moustafa, the group has continued to expand its portfolio, thus making it one of the most valuable real estate companies on the EGX.

TMG’s shares have surged 20.63% in local currency and 10.86% in dollar terms, from EGP80 ($1.54) to EGP96.5 ($1.85), pushing its market capitalization to EGP198.65 billion ($3.83 billion). The stock’s recent strength has rewarded long-term shareholders and reinforced TMG’s position as a leading player in the sector.

Investors regain confidence

TMG shares have risen 20.63% in local currency and 10.86% in dollar terms so far this year. In the first quarter of 2026, real estate revenue jumped 62% year-on-year to EGP6.1 billion ($115.23 million), driven by steady construction progress, led by the Banan project, which contributed more than half of quarterly revenue under the percentage-of-completion method. The Cairo-based developer also reported strong demand for The Spine, its mixed-use cognitive city in Madinaty, which generated about EGP30 billion ($566.73 million) in sales within just 15 days of launch.

TMG enters 2026 on firmer ground, thanks to new residential and hospitality projects. The company remains a bellwether for Egypt’s property industry and a sign of sustained optimism in the country’s real estate sector. For Moustafa and other shareholders, the stock’s steady climb underscores the value of patience and long-term investment in the country’s real estate market.

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Egyptian billionaire Hisham Talaat Moustafa’s TMG Group opens 2026 with $104 million profit