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Under the agreement, Alameda will manage and operate a state-of-the-art hospital within TMG’s flagship Madinaty development in East Cairo.
His plan focuses on housing, infrastructure, and international cooperation to address the crisis.
Hisham Talaat Moustafa’s stake, amounting to 890,566,601 shares, has gained EGP29.46 billion ($321.54 million) in market value since the beginning of the year.
This recovery follows a brief decline of EGP6.03 billion ($124.2 million) between July 9 and Aug. 1
This follows a $59.19 million gain between May 15 and 23, when the market value of his shares climbed from EGP51.4 billion ($1.1 billion) to EGP54.1 billion ($1.16 billion).
The recent upswing follows a decline of EGP5.29 billion ($109.87 million) in his stake in TMG Holdings between April 15 and 22.
Despite the setback and financial challenges, Moustafa remains a prominent figure in the Egyptian business landscape.
Moustafa’s stake in TMG Holdings is worth $311 million.