Corporate news
Talaat Moustafa Group [TMGH]
With investments totaling USD 5 bn, Talaat Moustafa Group begins selling two new projects in the Sultanate of Oman today: Yamal and Joud.
-The first project, Yamal, is a tourist project located on the Gulf of Oman, including 6220 residential units, in addition to a hotel overlooking the sea and hotel apartments.
-The second project is Joud, a fully serviced residential project in Sultan Haitham City. The project includes 7746 residential units.
The company achieved sales growth of 37% in 9M25 compared to sales in 2024, with sales amounting to EGP 38.8 bn compared to EGP 27.9 bn in 2024, despite the company not launching any new projects during the year.
We expect the stock to test its historical peak at a price of EGP 91 by the end of the year.
Walaa Mosalam - Prime Research
WMosalam@egy.primegroup.org