Billionaire Hisham Talaat Moustafa's TMG posts 24% Q1 profit jump to 110 million dollars
Billionaires Africa | 13.05.2026 22:44
Hisham Talaat Moustafa is closing his best quarter in years. Talaat Moustafa Group, the Egyptian developer his family controls, posted a 24% year-on-year rise in first-quarter net profit to EGP 5.5 billion ($110 million), with revenue jumping 39% to EGP 13.1 billion ($262 million) on the back of stronger real estate and hospitality numbers.
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