– TMG Holding achieves unprecedented sales of USD 7.1 billion as of July 8, 2024, fueled by the record-breaking launch of SouthMed, which garnered USD 4.2 billion in sales within six days.

– Year-to-date, TMG reports total sales of EGP 340 billion (USD 7.1 billion), marking over a seven-fold increase compared to the same period last year.

– TMG emerges as the fastest-selling company in the MENA region from a single project launch, leveraging strong brand equity to drive profitability and strengthen its regional real estate presence.

TMG Holding has achieved unprecedented sales of USD 7.1 billion as of 8 July 2024, driven by the success of its recent SouthMed launch, which garnered record-breaking sales of EGP 200 billion (equivalent to USD 4.2 billion) within just six working days of bookings opening.

Year-to-date, Talaat Moustafa Group Holding has reported total sales of EGP 340 billion (USD 7.1 billion), marking a remarkable growth of over seven times compared to the same period last year.

TMG has emerged as the fastest and top-selling company from a single project launch in the MENA region, leveraging its strong brand equity to drive significant profitability and enhance return on equity in the coming years. The SouthMed project, situated on Egypt’s North Coast along the Mediterranean Sea, achieved historic sales figures, unprecedented in Egypt’s real estate history and globally.

In addition to SouthMed’s success, TMG’s Banan project in Saudi Arabia has also exceeded expectations, generating approximately EGP 40 billion in total sales since its launch in May 2024, surpassing the project’s annual sales target within just two months.

The year 2024 has been transformational for TMG, solidifying its position as a leading regional player. With 50 years of building customer trust, TMG continues to diversify geographically, strengthen its real estate portfolio, and bolster its foreign currency earnings.