MM Group was founded in 1895. It has 15 companies including MTI, which is a distribution company with access to over 40,000 points of sale across Egypt and businesses in consumer electronics, telecommunication, automotive, seamless pipes, and tractors. MTI is listed on the Egyptian Stock Exchange and had a market value of $148.2 million as of August 2022. In 2021, the company recorded sales of $484 million, profits of $20 million, and assets worth $198 million. In the consumer electronics sector, it has partnerships with Samsung, Huawei, and Bosch. It has partnered with Vodafone since 1998, with its service covering 90% of Egypt.