Arab Finance: Talaat Moustafa Group Holding (TMG Holding) has recorded contractual sales and reservations booked year-to-date until May 20th, 2024, of more than EGP 100 billion for 9,303 units, according to a disclosure on May 21st.
This marks a 156.4% year-on-year (YoY) surge from EGP 39 billion achieved in the year-ago period.
The sales include around EGP 24.2 billion of reservations in Banan City, located in Riyadh, Saudi Arabia.
Founded in 1970, TMG Holding has a land bank exceeding 50 million square meters. The leading real estate developer focuses on establishing self-sustained residential city and community complexes for the upper and middle classes. It also invests in mixed-use real estate and hospitality projects.