• Wednesday, 29 July 2020

    Earnings watch: TMG, Credit Agricole

    EARNINGS WATCH- Talaat Moustafa Group (TMG) reported a drop in net income to EGP 705 mn in 1H2020, compared to EGP 812 mn in the first half of last year, the real estate developer said in a regulatory filing (pdf)....
  • Sunday, 5 July 2020

    Amr El Kady resigns as TMG managing director, executive VP

    MOVES- Amr El Kady (Linkedin) has stepped down as managing director and executive vice president of Talaat Moustafa Group after less than five months in the role, according to Hapi Journal. He assumed the position in February after leaving his...
  • Monday, 13 April 2020

    Egyptian state-owned banks snap up TMG sukuk issuance

    State-owned banks snap up TMG sukuk issuance: Three state-owned banks have taken 97.25% of the EGP 2 bn of sukuk issued by Talaat Moustafa Group last week, Al Mal reports, citing unnamed informed sources. Banque Misr and Banque du Caire...
  • Thursday, 9 April 2020

    TMG to issue Egypt’s first corporate sukuk after securing FRA approval

    DEBT WATCH- FRA approves Egypt’s first ever corporate sukuk issuance: The Financial Regulatory Authority (FRA) has approved Talaat Moustafa Group’s (TMG) planned EGP 2 bn corporate sukuk issuance, it said in an official statement (pdf). TMG subsidiary the Arab Company...
  • Wednesday, 25 March 2020

    Talaat Moustafa awaiting FRA approval for sukuk issuance

    DEBT WATCH- Market regulator expected to approve TMG’s planned EGP 2 bn corporate sukuk issuance this week: The Financial Regulatory Authority (FRA) is expected to approve this week Talaat Moustafa Group’s (TMG) planned EGP 2 bn corporate sukuk issuance, the...
  • Thursday, 27 February 2020

    Earnings watch: Sodic, Edita, GB Auto, TMG

    EARNINGS WATCH- Sodic reports strong growth in contracted sales, guides for 15% sales growth this year: Sodic’s net profit rose 60% in 2019 to EGP 719 mn from EGP 449 mn the year before, the company said in its full-year...
  • Monday, 10 February 2020

    Amr El Kady named managing director, executive VP of Talaat Moustafa Group

    MOVES- Talaat Moustafa Group has appointed Amr El Kady (LinkedIn) as its new managing director and executive vice president, the group said in a bourse disclosure (pdf). El Kady will leave his position as CEO of City Edge Developments, a...
  • Wednesday, 29 January 2020

    Four Egyptian companies prepare to offer EGP 5 bn sukuk listings

    DEBT WATCH- Four Egyptian companies are gearing up to issue EGP 5 bn in sukuk on the EGX, Al Shorouk reported head of the Financial Regulatory Authority’s (FRA) insurance department Sayed Abdelfadil as saying. CIAF Leasing will offer USD 50...
  • Tuesday, 21 January 2020

    Talaat Moustafa Group to launch sukuk program in April

    DEBT WATCH- Talaat Moustafa to launch sukuk program in April: Talaat Moustafa Group (TMG) will kick off its three-year EGP 4.5-5 bn sukuk program in April, CEO Hisham Talaat Moustafa told Habi Journal, without disclosing the size of the initial...

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