Talaat Moustafa Group Holding

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 Seasons 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 Estate, 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).