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Egypt's Talaat Moustafa says unit to issue corporate sukuk
Islam salah Published in Amwal Al Ghad on 08 - 12 - 2019

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.

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