Talaat Moustafa Group Unit to Buy Stake in 7 Hotels from Egyptian Sovereign Wealth

Posted on 12/22/2023

The Sovereign Fund of Egypt inked a deal to sell a stake in seven major hotels to Talaat Moustafa Group Holding SAE, which is one of the largest listed real estate development companies in Egypt. Arab Company for Tourism and Hotels Investments (ICON) is a unit of TMG, which is the entity making the investment.…

Get News, People, and Transactions, Delivered to Your Inbox