Tuesday 09/Sep/2025 – 10:15 AM
Talaat Mustafa Holding Group has announced the success of the Arab Projects and Urban Development Company, which is entirely owned by the group, which represents the main arm of the group’s activities locally and regional, in raising its classification and domestic arrangement of bullies, the creditworthiness rating from the degree of AA and changing its future view from positive to “stable” according to the latest update issued by Meress Middle East for credit rating and investor services.
Talaat Mustafa announces the raising of the “Arab Projects” credit rating to AA with a straight view
The group said, in a statement to the Egypt Stock Exchange today, that this degree of evaluation reflects the impact of many positive operational developments that the company witnessed, including achieving strong sales at the local and regional levels, a huge balance of actual and non -Muslim sales, and creating additional sources of foreign currency revenues, in addition to successful entry in the northern coast market through the “South Meed” project, which all contributed to the promotion of the company’s liquidity center Support the escalating cash flows in foreign currency.
Talaat Mustafa Holding Group achieved a net profit of 8.11 billion pounds during the period from January to the end of June 2025, compared to profits of 4.8 billion pounds in the comparative period from 2024.
The company’s revenues increased during the first half of this year to 24.39 billion pounds, compared to 17.02 billion pounds in the comparative half of the previous year.
At the level of independent business, the company achieved profits after the tax amounting to 275.16 million pounds in the first half of this year, compared to profits of 263.69 million pounds, in the comparative half of 2024.
