Intro
Talaat Moustafa Group Holding S.A.E. (TMG Holding) is a prominent Egyptian developer known for creating large-scale integrated communities and tourism investment projects. With over 74 million square metres of land across Egypt and 10 million square metres in Riyadh, TMG Holding has delivered residential units supporting over 0.8 million people in its projects, accompanied by high-quality amenities and infrastructure. The company’s flagship project, Madinaty, occupies 33.6 million square metres in East Cairo. TMG Holding also owns four upscale hotels with 1,041 operational rooms and 940 additional rooms under construction. The company is currently acquiring a significant stake in seven historical properties located at high traffic locations across the country, which will increase the room count by 2,500 keys.
Revenues sources:
Talaat moustafa communities:
Talaat Moustafa Group Holding S.A.E. (TMG Holding) has developed several prominent communities in Egypt, each with unique features and amenities. These communities include:
– Madinaty in New Cairo: A large-scale integrated city development project that offers a modern lifestyle with a focus on green spaces and open areas. It provides a variety of residential options and facilities such as schools, medical centres, sports clubs, and shopping centres.
– Al Rehab in New Cairo: The first city built by a private sector company in Egypt, offering a comprehensive living experience with a mix of residential, commercial, and leisure facilities, including educational institutions, healthcare services, shopping malls, and recreational options.
– Noor City in Capital Gardens: A significant project that emphasises smart, sustainable living with advanced technology and eco-friendly features.
– Celia in New Capital: A major residential compound located in the heart of the Green River, offering a high-quality living experience with various amenities and services catering to the needs of its residents.
– Privado in Madinaty, New Cairo: An exclusive community within Madinaty, tailored for those seeking a more secluded and upscale living environment.
– Al Rabwa in Sheikh Zayed: A community development project located in Sheikh Zayed, offering a mix of residential options and amenities catering to the needs of a modern lifestyle.
TMG’s projects are known for their attention to detail, quality of construction, and the creation of self-sustained environments that offer everything residents might need within their community. Each of these communities is designed with a focus on providing a comprehensive living experience by integrating residential, commercial, educational, healthcare, and recreational facilities.
Talaat Moustafa hospitality:
Talaat Moustafa Group Holding S.A.E. (TMG Holding) is a developer that has built several international hotels, resorts, and branded residences. Here are some of their notable projects:
– Four Seasons New Cairo Capital at Madinaty: This iconic address covers 85 feddans of parkland and offers a timeless collection of private residences created by legendary designer Pierre Yves Rochon. Located in a privileged neighbourhood, this project is managed by the greatest name in hotel service and is the best location to discover Cairo. Guests can enjoy a variety of dining options, shopping, and outstanding hospitality service.
– Four Seasons Private Residences Sharm El Sheikh: This exclusive seaside luxury collection of tailored homes is designed by a renowned team and set on the shores of the Red Sea. Managed by the most prestigious brand in hotel services, the resort offers marvellous views of Tiran Island and all the finest facilities and amenities for luxurious vacations and elegant holidays.
– Four Seasons Nile Plaza: Located in the heart of Cairo on the banks of the River Nile, Four Seasons Nile Plaza is the perfect gateway to discovering Egypt’s ancient mysteries.
– Four Seasons Hotel Alexandria at San Stefano: This resort-style hotel blends global flair, Egyptian traditions, and waterfront locations with a bustling city and Mediterranean Sea that sparkles in the sunlight. It is exclusively designed to offer an extraordinary world of luxury living.
– Kempinski Nile Hotel Garden City – Cairo: This five-star hotel offers guests a delightful boutique experience on the banks of the Nile. Just a few kilometres separate you from Cairo’s renowned tourist attractions, thanks to the Kempinski Nile Hotel’s fantastic location.
TMG Holdings international hotel and resort projects are known for their exceptional design, luxurious amenities, and outstanding service.
Talaat Moustafa clubs:
Talaat Moustafa Group Holding S.A.E. (TMG Holding) is committed to improving the quality of life in their communities, and as a vital aspect of this commitment, they have devoted over 400 feddans to sports and social clubs. Here are some of their well-known clubs:
– Madinaty Sporting Club: Spread over 200 feddans, this club offers the ultimate sports and social club experience.
– Al Rehab Sporting Club: This club extends over 110 feddans and is centrally located inside Al Rehab, just a few minutes’ walking distance from anywhere.
– Madinaty Golf Club (MGC): The MGC offers a spectacular 18-hole golf course and a 9-hole footgolf course, making it the first of its kind in Egypt. Managed by Troon, the world’s leader in club management, this club is a golfer’s paradise.
– May Fair Club: This cosy social and sports hub offers members the opportunity to get to know their neighbours and create a strong community experience.
– Al Rabwa Club: The ideal location for personal well-being, social gatherings with neighbours and friends, or simply taking advantage of the great outdoors.
TMG Holding’s commitment to sports and social clubs is a testament to their dedication to creating self-sustained communities that offer everything residents might need within their neighbourhoods. These clubs provide access to top-notch facilities and amenities, fostering a healthy and active lifestyle for their members.
Talaat Moustafa commercials:
Talaat Moustafa Group Holding S.A.E. (TMG Holding) is committed to creating commercial hubs that act as destinations and points of attraction for their surrounding communities. Here are some of their well-known projects:
– Open Air Mall: One of the largest malls in the MENA region and Egypt, this mall is built on over 404,000 sqm and consists of eight different buildings surrounded by an amazing landscape.
– East Hub: This project features commercial, administrative, and medical facilities, providing a distinguished experience. The design philosophy creates a contemporary formation using the interplay of modern elements, combining architectural creativity and modernity.
– All Seasons Park: A commercial centre that spans over 54,000 square metres and contains 230 shops with 31,671 square metres of GLA distributed all over three floors.
– The Strip: Madinaty’s newest commercial project, strategically located on the edge of Madinaty and Mostakbal City, is a 7-kilometre commercial and retail experience that follows innovative worldwide retail trends.
– Gateway Mall: A multifunctional shopping centre and community hub in Al Rehab that provides integrated entertainment, retail, commercial, administrative, and medical services.
TMG Holding’s commercial projects are designed to create self-sustained communities that offer everything residents might need within their neighbourhoods. These projects provide access to top-notch facilities and amenities, fostering a vibrant and active lifestyle for their communities.
Talaat Moustafa review in 2023: .
Talaat Moustafa Group Holding S.A.E. (TMG Holding) has achieved remarkable financial performance, with total consolidated revenues expanding significantly by around 32% compared to the previous year. This growth was driven by solid performance across all income lines, with development revenue showing a substantial increase of 27% year-on-year. Furthermore, TMG Holding experienced exceptional growth in its recurring income segments, including hotels, sporting clubs, retail, and others, marking an impressive 51% year-on-year increase.
TMG Holding has maintained a strong financial position, with a net cash position highlighting its solid liquidity. The company’s debt-to-equity ratio remains secure at 27.9%, one of the lowest in the market. The majority of the company’s debt is tied to recurring income segments and is attractively priced, ensuring minimal impact on the business in the event of a temporary market slowdown.
In terms of residential and non-residential sales performance, the company achieved total sales, which is the highest sales figure reported by any Egyptian real estate developer in known history. This remarkable demand is driven by factors such as a young population, a high rate of household formation, and a rapid growth of areas where the company concentrates.
TMG Holding’s international expansion is also noteworthy, with the company acquiring a significant stake in seven historical properties located at high traffic locations across the country, which will increase the room count by 2,500 keys.
Overall, TMG Holding’s remarkable financial performance, strong liquidity position, and solid sales backlog provide solid visibility on the revenue and earnings growth of the Group in the coming period. TMG Holding’s commitment to creating self-sustained communities that offer everything residents might need within their neighbourhoods has made it a developer to watch in the coming years.
International expansion in KSA:
Talaat Moustafa Group (TMG) recently announced a major agreement with the Saudi National Housing Company to develop a new sustainable city in Riyadh. The project, named Banan, will cover an area of 10 million square meters and will feature 27,750 residential units, with a focus on green spaces. The total investment cost is estimated at SAR40bn, which will be self-funded through off-plan sales. The project aligns with TMG’s goal of developing innovative, sustainable cities that improve the lives of local communities and aligns with Saudi Vision 2030. The project is expected to generate significant long-term value through the leasing of non-residential areas, providing a high-margin source of recurring income denominated in a USD-pegged currency. With over 50 years of success at home, TMG is well-positioned to lead the way in sustainable urban development and innovation.
Hotels and Resorts segment performance
Talaat Moustafa Group’s hospitality segment delivered impressive results in 2023, exceeding last year’s performance and surpassing the budget. The segment generated revenues of EGP2.68bn, up by 81% year-on-year and significantly above the budget of EGP2.31bn. EBITDA reached EGP1.23bn, with a margin of 46%, up 92.3% year-on-year and exceeding the budget by 20.4%. All properties recorded high average room rates (ARRs) in both EGP and USD terms, with a consolidated ARR of EGP10,132 or USD331, compared to last year’s rate of EGP5,669 or USD314. The occupancy rate was 61%, up from last year’s 59%, with Cairo properties achieving peak occupancy rates. The Four Seasons Nile Plaza reached 67%, while Kempinski achieved 77%. Four Seasons Sharm El Sheikh had the highest ARR, reaching EGP 13,729 or USD448.
In the same period, Talaat Moustafa Group’s hotel arm, the Arab Company for Hotel and Tourism Investments (ICON), submitted an offer to acquire a significant stake and management rights in several unique hotels in Cairo, Alexandria, Luxor, and Aswan. The acquisition is expected to add around 2,500 keys to the hotel portfolio, further strengthening the Group’s sources of FX-denominated revenues in the medium-term. The hospitality segment’s impressive performance aligns with Talaat Moustafa Group’s commitment to delivering exceptional quality and value to customers, while driving sustainable growth and generating long-term value for stakeholders.
TMG’s developments are not just construction projects; they are the birthplaces of communities, the cornerstones of urban development, and the future of modern living in Egypt. With an eye on sustainable development, innovative design, and customer satisfaction, TMG is not just building homes or hotels; they are sculpting the future skyline and social fabric of Egypt. As they continue to expand their portfolio and break new ground, TMG remains a beacon of progress, not only in Egypt but in the international arena, setting the standard for excellence in real estate and hospitality development.
