Talaat Mostafa Group (TMG) announced that TMG's subsidiary, Arab Company for Projects and Urban Development, has been working on finalising the required procedures to offer EGP2bn financing Sukuk. The proceeds will be directed towards financing the company’s assets.
TMG Holding: EGP8.41 as of 08 Dec 2019, Rating: Buy, TP: EGP18.00/share, MCap: USD1,075mn, TMGH EY/TMGH.CA
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