Talaat Moustafa Group Holding
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.
Sales of 2017 exceeded expectations in the initial budget that was set at LE 11.4 billion, then put at LE 13 billion.
Between January and the end of June, TMG registered LE 4.91 billion in net sales.
In contrast to expectations of a weak real estate market following the flotation of Egyptian pound in November.
