Talaat Moustafa Group stock: TMG takes global golf award
Published on 11/12/2026 at 00:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTMG builds its golf and hospitality profile
- TMG received the 2026 World’s Best Golf Hospitality Developer award at its Madinaty Golf Club.
- Madinaty Golf Club was named Egypt’s best course for a sixth consecutive year and Africa’s best for a fourth consecutive year.
- The group is developing new golf projects in Sharm El-Sheikh, South Med and at Mena House.
- First-half net income rose 23% to EGP 9.9 billion, while consolidated revenue increased 24% to EGP 30.2 billion.
Talaat Moustafa Group was named the 2026 World’s Best Golf Hospitality Developer at the World Golf Awards ceremony held on November 7 at Madinaty Golf Club east of Cairo. Billionaires Africa reported that the event brought together contenders from about 80 countries.
Madinaty anchors the award success
TMG’s Madinaty Golf Club was also named Egypt’s best golf course for a sixth consecutive year and Africa’s best for a fourth consecutive year. The club is owned by TMG Golf and managed by Troon, a United States-based golf management company.
The awards reinforce TMG’s strategy of combining residential communities with leisure, hospitality and sports facilities. The group is developing the Red Sea Links course in Sharm El-Sheikh, a new course at South Med on Egypt’s Mediterranean coast and a redevelopment of the historic Mena House course near the Giza Pyramids.
Strong first-half operating backdrop
The award follows a strong first half for the property and hospitality developer. Net income rose 23 percent to EGP 9.9 billion in the six months through June 2026, while consolidated revenue climbed 24 percent to EGP 30.2 billion. Property development revenue increased 34 percent to EGP 17 billion, and new contracted sales reached EGP 219.1 billion.
South Med generated EGP 93.9 billion in contracted sales during the first half, according to the report, while cumulative sales since its launch reached about EGP 500 billion by the end of June. TMG also plans four new hotels, which would increase its portfolio from about 3,500 rooms and suites to roughly 5,000.
TMG’s integrated development model
Talaat Moustafa Group develops large residential communities, commercial destinations, hotels, resorts and sports facilities. Its projects span Egypt, Saudi Arabia and Oman, with developments including Madinaty, South Med, Noor, Banan and Jood.
The group’s business model links real estate sales with hospitality, retail and leisure assets. That mix gives the golf expansion a role beyond course operations by adding sports and tourism facilities to its broader destination strategy.
Talaat Moustafa Group at a glance
- Company: Talaat Moustafa Group Holding
- Head office: Cairo, Egypt
- Business: Real estate development, hospitality, commercial destinations and sports facilities
- Latest event: 2026 World Golf Awards
Current market developments provide the broader backdrop for property and tourism shares. See Current market reports.
