By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    blinx: New digital media hub for Middle East’s youth
    blinx: New digital media hub for Middle East’s youth
    September 24, 2023
    ADNOC Distribution launches first ADNOC service stations in Egypt
    ADNOC Distribution launches first ADNOC service stations in Egypt
    September 24, 2023
    Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
    Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
    September 24, 2023
    Shell, KUFPEC partner to explore Egypt's Mediterranean Block 3
    Shell, KUFPEC partner to explore Egypt’s Mediterranean Block 3
    September 24, 2023
    Food Export Council holds symposium on challenges of food exports to EU, US
    Food Export Council holds symposium on challenges of food exports to EU, US
    September 24, 2023
  • Politics
    PoliticsShow More
    Sudanese leader Al-Burhan denounces RSF commander’s letter to UN
    Sudanese leader Al-Burhan denounces RSF commander’s letter to UN
    September 24, 2023
    Egypt, Greece, and Cyprus stress coordination on gas, regional issues
    Egypt, Greece, and Cyprus stress coordination on gas, regional issues
    September 23, 2023
    CCCPA, African Union train officials on ‘Climate Responsive Programming for Sustaining Peace’
    CCCPA, African Union train officials on ‘Climate Responsive Programming for Sustaining Peace’
    September 22, 2023
    Egyptian Health Minister highlights country's interest in local drug manufacturing
    Egyptian Health Minister highlights country’s interest in local drug manufacturing
    September 21, 2023
    Egypt leads meeting to urge global support for Sudan’s humanitarian crisis
    Egypt leads meeting to urge global support for Sudan’s humanitarian crisis
    September 20, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: 12.7% interest rate sees TMG’s Al-Rehab bonds deemed safe investment
Share
Notification
Latest News
blinx: New digital media hub for Middle East’s youth
blinx: New digital media hub for Middle East’s youth
Business
National Cancer Institute, Novartis Egypt host run to raise awareness on World Chronic Myeloid Leukemia Day
National Cancer Institute, Novartis Egypt host run to raise awareness on World Chronic Myeloid Leukemia Day
Culture
ADNOC Distribution launches first ADNOC service stations in Egypt
ADNOC Distribution launches first ADNOC service stations in Egypt
Business
Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
Business
Shell, KUFPEC partner to explore Egypt's Mediterranean Block 3
Shell, KUFPEC partner to explore Egypt’s Mediterranean Block 3
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > 12.7% interest rate sees TMG’s Al-Rehab bonds deemed safe investment
Business

12.7% interest rate sees TMG’s Al-Rehab bonds deemed safe investment

Daily News Egypt
Last updated: 2020/11/09 at 11:09 PM
By Daily News Egypt 2 Min Read
Share
SHARE

The return of Coupon No 22 of the seventh issuance, Tranche (B) of Al-Rehab bonds from  Talaat Moustafa Group (TMG) revealed strong investment returns for bondholders, with a return of about 12.7%.

The coupon return was due and collected by bondholders on 10 June 2020, while the bonds mature in August 2021.

Real estate developer Hisham Talaat Moustafa, the developer behind Madinaty and Al-Rehab, is a pioneer in Egypt’s real estate market. He established the Al-Rehab Securitization Company in 2008, with the aim of issuing bonds guaranteed by the securities portfolio to contribute to financing real estate projects.

The list, topped by TMG, includes the Arab Development Company, the Alexandria Investment Company, and the San Stefano Real Estate Investment Company, all of which are affiliated to TMG.

The Group achieved a strong financial performance during the first quarter (Q1) of 2020. The company’s quarterly profits increased to EGP 375.3m, compared to EGP 361.2m in the same period in 2019, with a growth rate of 4% according to the company’s financial statements.

This reinforced the rise in the company’s revenues from real estate units sold with a 9.6% rate at the end of Q1, reaching EGP 1.3bn at the end of last March, compared to about EGP 1.2bn in March 2019.

The balance of sales of units that had not been delivered to their customers reached EGP 49.3bn at the end of last March, which would generate revenues of EGP 40.8bn over the next four years.

You Might Also Like

blinx: New digital media hub for Middle East’s youth

ADNOC Distribution launches first ADNOC service stations in Egypt

Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports

Shell, KUFPEC partner to explore Egypt’s Mediterranean Block 3

Food Export Council holds symposium on challenges of food exports to EU, US

TAGGED: Al Rehab, Interest rate, Investment, TMG
Share this Article
Facebook Twitter Email Print
Previous Article UN opens Libyan Political Dialogue Forum amid efforts to end crisis   
Next Article Egypt's Minister of Planning and Economic Development Hala El-Said. Daily News Egypt Government continues investment in new projects, services: El-Said
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

blinx: New digital media hub for Middle East’s youth
blinx: New digital media hub for Middle East’s youth
Business
National Cancer Institute, Novartis Egypt host run to raise awareness on World Chronic Myeloid Leukemia Day
National Cancer Institute, Novartis Egypt host run to raise awareness on World Chronic Myeloid Leukemia Day
Culture
ADNOC Distribution launches first ADNOC service stations in Egypt
ADNOC Distribution launches first ADNOC service stations in Egypt
Business
Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
Banks’ financial position grows to EGP 13.798trn in 1H 2023, CBE reports
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?