Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) is in negotiations to set up a new project in the New Administrative Capital.
Currently, there are plans to establish the project under the partnership scheme, the company said in a filing to the Egyptian Exchange (EGX) on Wednesday.
Any details will be disclosed upon the signing of contracts, the company added.
It is worth mentioning that during the first nine months of 2019, TMG Holding’s net profits rose to EGP 1.37 billion from EGP 1.24 billion in the prior-year period, including minority shareholders’ rights.
