Hisham Talaat Moustafa faces a civil lawsuit in London from Suzanne Tamims former partner seeking millions in compensation.
Moustafa is pushing to have the case dismissed, more than a decade after his pardon for involvement in Tamims 2008 murder.
The lawsuit emerges as Moustafa continues to lead one of Egypts top business empires, with real estate sales surging on strong SouthMed demand.
Egyptian billionaire and real estate mogul Hisham Talaat Moustafa, who was pardoned over a decade ago after being convicted in connection with the 2008 murder of Lebanese pop star Suzanne Tamim, is now facing fresh legal troubles in London.
According to Bloomberg , the singers former partner, kickboxing champion Riyadh Al Azzawi, is pursuing a civil claim worth millions in compensation and has asked a British judge to hear the case. Moustafa, who owns a 43.5 percent stake in Cairo-based Talaat Moustafa Group Holding TMG, a stake now valued at around 1 billion, is pushing to have the claim thrown out.
Egyptian real estate titan builds cross-border empireThe lawsuit comes as Moustafa continues to lead one of Egypts most prominent business empires. TMG, his flagship real estate company, is pressing ahead with ambitious plans to grow both at home and abroad. Its latest project, Sharm Bay, is expected to bring in EGP120 billion 2.4 billion in sales . Set near the resort city of Sharm El-Sheikh, the development underscores the groups increasing focus on luxury coastal properties and tourism-related investments.
Founded by Hisham Talaat Moustafa in 1974, TMG has grown into Egypts largest listed real estate company. Under his leadership, the group has built a strong presence on the Egyptian Exchange and remains one of the countrys most valuable publicly traded firms. While its roots are firmly in Egypt, the company is increasingly looking beyond its borders.
TMGs regional moves gain momentumAfter breaking into the Saudi market in 2024 with the Banan project in Riyadh , TMG became the first Egyptian developer to deliver high-end real estate in the Gulf at this scale. Building on that success, it is eyeing a 17 billion mixed-use development in Iraq in a move to generate more foreign currency revenue and protect itself against swings in its home market, Egypt.