Talaat Moustafa Group Holding (TMG) announced that its wholly owned subsidiary, the Arab Company for Projects and Urban Development — the Group’s primary operational arm locally and regionally — has received an upgraded local creditworthiness rating from A+ to AA-, alongside a revised Outlook from Positive to Stable, according to the latest update from Meris Middle East Credit Rating and Investor Services, the leading credit rating agency in the MENA region, Invest-Gate reports.

The upgraded rating reflects several positive operational developments at the Arab Company, including strong sales performance, a robust backlog of contracted but undelivered sales, and the generation of additional foreign currency revenue streams. It also highlights the company’s successful expansion into Egypt’s North Coast market through the “South Med” project, which has further enhanced liquidity and reinforced foreign currency cash flows.

This achievement underscores TMG Holding’s strong financial standing and growth prospects. It also reflects the Group’s prudent management strategy, effective market positioning, and ability to seize opportunities both locally and regionally. The new rating affirms investor confidence in the Group’s resilience and long-term vision for sustainable development.