US EditionEgyptian property billionaire Hisham Talaat Moustafa loses $78.5 million
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Egyptian property billionaire Hisham Talaat Moustafa loses $78.5 million
Key PointsHisham Talaat Moustafa's stake in TMG lost over $78 million in one week after a sharp drop in the company’s share price.TMG shares fell 7.18% in seven days, erasing recent gains and pushing the company’s market value below $2.3 billion.Year-to-date, TMG stock is down 2.12%, reflecting investor caution amid Egypt’s weakening real estate market.Egyptian property billionaire Hisham Talaat Moustafa, chairman of Talaat Moustafa Group (TMG),…
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