Talaat Moustafa Group (TMG) recorded a 28% increase in second-quarter sales to EGP 170bn, up from EGP 133bn a year earlier, driven by demand for its projects across Egypt, Saudi Arabia, and Oman.
In a statement, the real estate developer reported total sales of EGP 219.1bn for the first half of 2026, compared to EGP 211bn during the same period in 2025. Talaat Moustafa Group attributed the growth to sustained demand across its diversified portfolio of integrated communities and mixed-use projects.
Sales were largely supported by the SouthMed project on Egypt’s North Coast, which generated EGP 94bn in the first half of 2026, including EGP 87bn in the second quarter alone. Cumulative sales for Southmed have reached EGP 500bn since the project’s launch in July 2024, the group said.
The Spine project, launched in May 2026, recorded sales approaching EGP 34bn. In Saudi Arabia, the Banan project generated EGP 6.8bn in first-half sales, including EGP 3.6bn in the second quarter, bringing its cumulative sales to EGP 101bn since launching in May 2024.
TMG stated that the results support ongoing revenue growth, enhance the generation of strong cash flows, and contribute to creating sustainable shareholder value. Talaat Moustafa Group added it will continue executing its growth strategy by leveraging its expertise in developing integrated communities to attract demand, supporting its position and growth trajectory in Egyptian and regional markets.
