Arab Company for Project and Urban Development, part of Egyptian property developer Talaat Moustafa Group, plans to issue sukuk, or Islamic bonds, worth 2 billion Egyptian pounds ($123,893). The company is finalising the required procedures to issue the sukuk, parent company Talaat Moustafa said in a statement on Sunday. The move is part of Talaat Moustafa's plans to diversify its financing sources by investing in bonds.