Egyptian property developer Talaat Moustafa Group, plans to issue sukuk, or Islamic bonds, worth 2 billion Egyptian pounds ($126,893) in April. CEO and Managing Director Hisham Talaat Moustafa said that his company is seeking to diversify finance sources by entering in bonds and Sukuk market to finance the assets with repeatable yield. He further added in a press conference that the real estate market in Egypt is currently stable and the company seeks to achieve sales just the same as the end of last year. TMG has achieved sales of 20.4 billion pounds by the end of last year, out of a total of 24 billion pounds targeted by the company at the beginning of the year. He further noted that the company is negotiating to acquire a land plot in Assuit which will be decided upon within a month.