Arab Finance: Talaat Moustafa Group Holding (TMG Holding) has generated unprecedented sales of EGP 470 billion year-to-date until November 6th, compared to EGP 108 billion over the same period last year, as per a statement.
The group has garnered EGP 280 billion in sales from the newly-launched SouthMed project in the North Coast in less than one month from bookings open.
On July 2nd, the group announced the launch of SouthMed, its first project in the North Coast, with investments estimated EGP 1 trillion ($21 billion).
On June 9th, TMG disclosed that it garnered EGP 37.1 billion in sales from the Banan City project in Saudi Arabia during the January-May period of 2024.