Talaat Moustafa Group Holding denied it is planning on buying the Alexandria Airport land plot, according to a bourse disclosure. The company confirmed that CEO Hisham Talaat Moustafa has travelled to Saudi Arabia to discuss cooperation with the Saudi Housing Ministry and that the company is also moving forward with resolving disputes with the New Urban Communities Authority, particularly regarding Madinaty.
More from Enterprise
Banque du Caire opens its IPO books at EGP 4.82-5.30 a share, with room to grow to 45%
The state-owned lender could raise up to EGP 36.4 bn,…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…