Arab Finance: Talaat Moustafa Group Holding (TMG Holding) has recorded contractual sales booked year-to-date until 14 May 2024 of EGP 86 billion, up by 153% year on year (YoY), according to a disclosure.
These sales include around EGP 11.5 billion of reservations in Banan City, located in Riyadh, Saudi Arabia.
Talaat Moustafa Group Holding (TMG Holding) will pay EGP 0.22 per share in cash dividends to shareholders for 2023 earnings.
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.