The Egyptian real estate giant saw its sales climb from $593 million to $837 million, while net profits more than quadrupled from $70 million to $284 million. Its assets also jumped from $4.2 billion to $7 billion.
TMG Holding's strong performance propelled it two spots
higher on Forbes Middle East's list of the top 50 public companies in Egypt for
2025, securing the fourth position. This underscores its leading role among
real estate companies in Egypt and the wider region, based on market value,
sales, profits, and assets.
Forbes magazine classified TMG Holding as the largest real
estate development company in Egypt, with a land portfolio totaling 125.9
million square meters across Egypt, Saudi Arabia, Iraq, and Oman. In 2024, the
Group's sales tripled to $10 billion, thanks to the launch of the Banan project
in Saudi Arabia and the SouthMED project in Egypt, which alone generated $7
billion in sales since its July 2024 launch.
In 2025, TMG continued its regional expansion through
projects in Iraq and Oman, increasing its land portfolio outside Egypt to 29
million square meters, with an expectation of achieving sales estimated at $33
billion from its projects in three regional markets.
Egyptian companies overall demonstrated strong performance
over the past year. The total assets of the top 50 public companies in Egypt
for 2025 increased by 33 percent, reaching $118.8 billion by the end of
December 2024, representing over 34 percent of Egypt's GDP.
Total sales for these 50 companies rose by 34.5 percent to
$35.6 billion, with net profits leaping by about 45 percent to $6.5 billion.
Their combined market value hit $35.1 billion as of market closings in April
2025, marking a 19.6 percent increase from $29.4 billion in the previous year.
The banking and financial services sector dominated the list
with 17 companies, reporting $13.5 billion in sales and $78.4 billion in total
assets. The industrial, real estate, and construction sectors each contributed
seven companies to the ranking.
Forbes Middle East's research team compiled financial data from the Egyptian Exchange. Companies were ranked based on equally weighted criteria: sales, total assets, and net profits for the 2024 fiscal year, along with market value calculated from market closings on April 25, 2025. Companies with identical scores received the same ranking. Firms that had not disclosed their audited 2024 financial statements by April 25, 2025, were excluded. Foreign exchange rates as of April 25, 2025, were used for all calculations.