Talaat Moustafa Group Holding (TMG) announced strong sales performance in the first half (H1) of 2026, underscoring sustained demand across its diversified portfolio of integrated communities and mixed-use developments in Egypt, Saudi Arabia, and Oman. The Group recorded total sales of EGP 219.1bn during the period, compared to EGP 211bn in the first half of 2025.
The second quarter delivered a record performance, achieving EGP 170bn in sales versus EGP 133bn in the same quarter of 2025. This sharp acceleration reflects continued demand across the Group’s flagship projects.
Sales growth was driven by SouthMed on the North Coast, which generated approximately EGP 94bn in the first half of 2026, including EGP 87bn in the second quarter alone, bringing cumulative sales since its July 2024 launch to EGP 500bn. In addition, the launch of The Spine in May 2026 gained strong market traction, recording about EGP 34bn in sales. Internationally, Banan in Saudi Arabia continued to perform solidly, contributing roughly EGP 6.8bn in the first half, including EGP 3.6bn in the second quarter, with cumulative sales since its May 2024 launch reaching EGP 101bn.
This robust sales performance supports the Group’s revenue growth, strengthens its ability to generate healthy cash flows, and creates sustainable value for shareholders.
TMG continues to execute its growth strategy, leveraging proven delivery capabilities, extensive expertise in developing integrated communities, and its ability to consistently capture demand across developments. These strengths reinforce its leadership position and support long-term growth in Egypt and regional markets.
