Talaat Moustafa Group (TMG) is set to invest EGP2.5bn in 2H16 across its projects in Madinaty and Rehab, as well as the Four Seasons Sharm El-Sheikh expansion, according to Jihad El-Sawafta, company CFO. This is part of a wider EGP5bn investment plan set for the year (EFGe: EGP4.0bn). TMG plans to build a new Four Seasons hotel in Madinaty, which is set to be completed within three years – it is currently under design. The company is also planning to build a 400,000 sqm retail mall in Madinaty, which is set to open in 2018. Number of schools at the project will reach 18 (currently three) by the end of the project. The company plans to deliver 5,000-6,000 units in 2016. (Al Borsa)   TMG Holding: EGP6.02 as of 22 August 2016, Rating: Buy, FV: EGP10.25 per share, MCap: USD1,399mn, TMGH EY / TMGH.CA