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Sat, 21 Nov 2009 | 08:47 GMT

Talaat Moustafa Group Holding   (TMGH.CASE)
Also known as: TMG, Talaat Moustafa Group
Last Trade
6.59 EGP
+ 1.23%
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Updated: Mar 30, 2009
 
Joint Stock
 
 
Real estate property investment, development and management; ownership and operation of hotels and resorts.
Talaat Moustafa Group until April 2007
1975
N/A Company, 2,025 Group (As of Nov 26, 2007)
Alexandria
Heliopolis
 
 
 
 
TMGH 
Ordinary 
EGP 
 
 Key Officers
Tarek Talaat Moustafa
Chairman and Chief Executive Officer and Managing Director
Jihad M Sawaftah
Vice President, Financial Control and Chief Financial Officer
 
 Contact Details
Address:
Talaat Moustafa Group Building
36 Mussadak Street
Dokki
P.O. Box 12311
Cairo
Egypt
 
+20 2-3331-2000
+20 2-3301-6701
 
+20 2-3336-2198
 
talaatmostafa@tmg.com.eg
 
www.talaatmoustafa.com
 
www.san-stefano.com

 
  Latest Headline
Prime: Talaat Mostafa Group Holding (12-Nov-09) - Prime Securities
 
  IPO Details
Listing Date:
28Nov07
Size of Offering:
$829.67M
Equity Offering:
19.50%
Lead
Managers:
EFG-Hermes Holding, HSBC Bank Egypt
 

  Business Overview
Talaat Moustafa Group (TMG) is a holding company with activities in real estate development, construction, and construction material trading. Focusing exclusively on Egypt, TMG primarily develops large-scale city and community complexes mainly located on the outskirts of Cairo. It also develops luxury hotel and resort complexes in Egypt's tourist and business destinations.

The company's core activity is real estate, which ranks the group as one of Egypt's largest real estate developers based on its projects developed and under development. TMG completed the development of three city and community complexes, by 2007, and has an additional seven projects in the pipeline. Its largest project, the 33.6 million square meter Madinaty development, has a market value of EGP10.78 billion (USD1.97 billion) and is expected to be completed in year 2026 (eight phases).

TMG also expanded its activities into the hotel industry by developing three hotel and resort complexes, which are branded and operated by Four SeasonsFour SeasonsLoading... chain, across Egypt. It also added other hotel projects into its pipeline, including the Marsa Alam and Nile Hotel. The group holds ownership in the hotel complexes through its subsidiary Arab Company for Hotel and Touristic Investments (ICON).

The company's history dates back to 1975 as a family-owned construction business that was founded by Talaat Moustafa and his three sons Hisham, Hani, and Tarek. As the sons took over the business, the company expanded its activities into real estate development in the late 1980s and became one of Egypt's first developers of community compounds.

The company completed a corporate restructuring in October 2007; it transformed itself into a holding company and consolidated its real estate and hotel activities under its main subsidiaries: Arab Company, Alexandria Real EstateAlexandria Real EstateLoading..., San Stefano Real Estate, and Alexandria for Urban Development.

The group underwent an IPO on the Cairo and Alexandria Stock Exchanges, in November 2007, that offered 19.5% of the company's shares to raise EGP4.54 billion (USD830 million).
 
 
 Major Shareholders
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 Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details
 
  Organization Structure and Related Entities 
Subsidiaries/Associates/Affiliates
 
Name  Country  Holding
San Stefano Real Estate Investment Company [74.52% directly and 25.48% indirectly] Egypt 100.00%
Arab Company for Projects and Urban Development Egypt 99.99%
Alexandria for Real Estate Investments Egypt 96.96%
Areez Arab Company Saudi Arabia 50.00%
Hill TMG Egypt 50.00%
Thabat Real Estate Development Company Saudi Arabia 50.00%
Alexandria Projects and Urban Development Company Egypt 40.00%
Arab Company for Hotels and Tourism Investment [ICON] Egypt -
Investments
 
Name  Country  Holding
Four Seasons Hotel Alexandria [via Arab Company for Hotels and Tourism Investment] Egypt -
Developments and Projects
 
Name  Country  Holding
San Stefano Complex [via San Stefano Real Estate Investment Company] Egypt 100.00%
Nassamat Al Rehab [via Areez Arab Company] Saudi Arabia 50.00%
Thabat [via Thabat Real Estate Development Company] Saudi Arabia 50.00%
Al Sultana Malak Four Seasons Hotel [via Arab Company for Hotels and Tourism Investment] Egypt -
Rehab Al Riyadh Saudi Arabia -
 
 
  Representatives
Auditors
Ernst and Young Egypt
Magdi Hashish and Company
Banks
 
Arab African International Bank
 
Law Firms
 
Helmy Hamza and Partners Baker and McKenzie
 
 
 Summary Financials
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 Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details
 
Company information provided by © 2009 ABQ Zawya Ltd.
 
 
    
 
 
 
 
 

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