Hisham Talaat Moustafa

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Hisham Talat Moustafa
Born (1959-12-12) December 12, 1959 (age 61)
Alexandria, Egypt
NationalityEgyptian
OccupationBusinessman
Spouse(s)Howaida Morsy (1983–present)
ChildrenOmar, Tarek, Mohamed
Parent(s)Talaat Moustafa, Amal Mokhtar

Hisham Talat Moustafa (Arabic: هشام طلعت مصطفى‎) is an Egyptian businessman who had been elected in 2004 to the Shura Council in the Parliament of Egypt.[1] As the former chairman and head of the Real Estate Branch of the Talaat Moustafa Group, his net worth was estimated at $800 million in 2007.[2] He was arrested on September 2, 2008 and found guilty on May 21, 2009 for his involvement in the murder of Lebanese singer Suzanne Tamim, but his sentence to death by hanging was overturned on a legal technicality.[3] Following a retrial in 2010, he was sentenced to 15 years' imprisonment.[4] Moustafa was released after 9 years on June 23, 2017 after receiving a presidential pardon.[5]

Following his release from prison, Moustafa returned as Chief Executive and Managing Director of Talaat Moustafa Group. Under his stewardship, the company has consistently ranked amongst the most influential in Egypt, providing housing for more than 1 million Egyptians.[6]

Background[]

Born in the Egyptian city of Alexandria in 1959, Moustafa graduated in 1980 from the University of Alexandria's College of Commerce with an accounting degree. He is the youngest son of construction magnate Talaat Moustafa and is married with three children (in order of birth): Omar, Tarek, and Mohamed.[7]

As the Chief Executive of Talaat Moustafa Group, Moustafa has spearheaded a significant expansion of the real estate side of the business, including the enlargement of major city El Rehab and the development Madinaty, as well as luxury hotels including the Four Seasons Nile Plaza, Kempinski Nile Hotel Garden City, Four Seasons San Stefano, and Four Seasons Sharm El Sheikh, the largest resort of the Four Seasons brand in the world.[8]

On January 17, 2021, Moustafa's real estate company announced its largest development to date, Capital Gardens City, a mixed-use city adjacent to the new administrative capital. The $32 billion project will encompass 140,000 residential units, as well as commercial, administrative, medical, and educational services. The city will have mosques, churches, and government facilities. Upon completion, it will be home to 600,000 residents, and create 3.3 million job opportunities.[9]

Arrest and Trial[]

On September 2, 2008, Moustafa was charged in Cairo of arranging the murder of Lebanese singer Suzanne Tamim.[10] Moustafa was stripped of his parliamentary immunity.[11]

On May 21, 2009, Moustafa was found guilty of involvement in the murder through "incitement, agreement and assistance."[12] On June 25, he was sentenced to death by hanging, along with former police officer Mohsen al-Sukkari, who was allegedly paid $2 million to carry out the hit. Egypt's Grand Mufti Sheikh Ali Goma'a upheld the verdict.[13][14] An appeal was subsequently filed.[15]

Retrial[]

On March 4, 2010, the Cassation Court of Egypt accepted an appeal for a new trial after concluding the original verdict had made mistakes of legal technicality.[3] The defense argued that co-defendant Al-Sukkari was not properly represented during his first questioning. The retrial began on April 26. On May 28, Tamim's family dropped its civil suit against Moustafa and denied that they were paid a settlement. On September 25, prosecutors spent two hours delivering final retrial statements, arguing that they had evidence from 39 witnesses and mobile phone messages.[11] On September 28, 2010, the court re-sentenced Moustafa to a reduced penalty of 15 years' imprisonment.

Assault investigation[]

In August 2010, Egyptian police opened an investigation of allegations that Moustafa had beaten his brother-in-law Ihab Mohamed Madi during the first week of Ramadan. Madi claimed that the beating began after he tried to intervene in an argument between his wife Sahar and Moustafa. Sahar, who is also Moustafa's sister,[16] has been noted as the only member of Moustafa's family to consistently attend his court hearings.[17]

Presidential pardon[]

In June 2017, Moustafa, along with 501 other prisoners, was released after receiving a presidential pardon.[5]

Philanthropy[]

Covid-19[]

Al-Shorouk News reported that in the wake of the COVID-19 crisis, Moustafa donated 62 million Egyptian Pounds to the Ministry of Health as well, Tahya Misr, and families struggling with the pandemic. This is in addition to 100 million Egyptian Pounds that were donated by TMG's corporate social responsibility group between 2018 and 2019.[18]

On January 13, 2021, Moustafa announced that Talaat Moustafa Group would donate 4 million doses of Covid-19 vaccine, enough for 2 million people.[19]

See also[]

References[]

  1. ^ M.J. Stephey (2009-05-22). "Hisham Talaat Moustafa: Egypt's Condemned Tycoon". Time. Archived from the original on May 25, 2009. Retrieved 2010-09-08.
  2. ^ Michael Slackman (2009-05-21). "Egyptian Tycoon Sentenced to Death for Murder". The New York Times. Retrieved 2010-05-04.
  3. ^ Jump up to: a b Yasmine Saleh (2010-03-04). "Egypt tycoon facing death, gets retrial". Reuters.
  4. ^ El-Naggar, Mona (2010-09-28). "No Death Sentence for Tycoon in Egypt". The New York Times. Retrieved 2010-09-28.
  5. ^ Jump up to: a b "Hisham Talaat Mostafa released among 502 prisoners under presidential pardon". Egypt Independent. 24 June 2017.
  6. ^ https://www.egypttoday.com/Article/6/98399/Talaat-Moustafa-Group-Egypt-s-most-powerful-real-estate-company
  7. ^ "TMG Executive Profile: Hisham Talaat Moustafa". Archived from the original on 2008-06-26. Retrieved 2008-06-26.
  8. ^ https://cpp-luxury.com/four-seasons-sharm-el-sheikh-expands-to-1400-rooms-becoming-largest-of-the-brand-in-the-world/
  9. ^ https://www.forbesmiddleeast.com/industry/real-estate/egypts-talaat-moustafa-group-to-develop-new-city-with-%2432b-investments
  10. ^ Sherine El Madany and Emad El-Sayed (2008-09-02). "Hisham Talaat Moustafa referred to criminal court, TMG shares plunge 15.97 percent". Daily News Egypt. Archived from the original on 2008-09-07. Retrieved 2008-09-02.
  11. ^ Jump up to: a b Nadia Abou el Magd (2010-09-26). "Tamim murder suspects 'alliance with the devil'". The National. Retrieved 2010-09-27.
  12. ^ "Death sentences for Suzanne Tamim murderers". BBC News. 2009-05-21.
  13. ^ Nadia Abou el Magd (2009-07-27). "Tamim killers say they will appeal". The National.
  14. ^ Egyptian billionaire sentenced to death for murder of Lebanese singer
  15. ^ Nadia Abou el Magd (2009-08-25). "Appeals lodged over Tamim murder". The National.[permanent dead link]
  16. ^ Nadia Abou el Magd (2010-03-04). "Court orders retrial in Tamim murder case". The National. Retrieved 2010-08-25.
  17. ^ Yasmine Saleh (2010-08-23). "Egyptian tycoon accused of beating brother in-law". Reuters. Archived from the original on 2010-08-26. Retrieved 2010-08-25.
  18. ^ "Hisham Talaat Moustafa". Al-Shorouk.
  19. ^ https://www.egypttoday.com/Article/1/96393/Hisham-Talaat-Moustafa-Providing-Covid-19-Vaccines-to-2-million

External links[]

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