TMG Holding's contractual sales surpass EGP 100B YTD until May 20th

Updated 5/21/2024 11:08:00 AM
TMG Holding's contractual sales surpass EGP 100B YTD until May 20th

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.

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