TMG Holding
Talaat Moustafa Holding Group (TMG Holding) announced a significant surge in net profit for the first half of the year, with a 310% year-on-year increase. According to the company's consolidated financial statements released on Tuesday, revenues climbed substantially, reaching EGP 17 billion.
Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG Holding), has been named to Forbes Middle East magazine’s Top 100 Travel & Tourism Leaders in the Middle East for 2024. Moustafa, ranking 15th on the list, is the top Egyptian executive recognized.
The company stated in a filing to the EGX that the collaboration in implementing the Ras El Hikma project aligns with the group's strategy of creating continuous added value that benefits its shareholders by maximizing returns and creating additional value.
The financial indicators showed that its revenues increased during the period of 2019 to reach LE 5.1 billion, compared to LE 4.74 billion in the same period of the prior year.
GEMS Education will take over the exclusive operatorship and management of four new schools in the cities of Madinaty and Al Rehab in Egypt.
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