The bank’s net attributable profit for the three months to June 30 was $125.9 million, compared with $93.2 million in the corresponding period of 2013.
The alternative investment fund Investcorp posted a 25 per cent gain in annual net profit.
Shares would be priced at KD0.19 ($0.50) per share.
The S&P GCC index dropped by 1.8 per cent during the second quarter of the year, according to a report by NBK.
The company made a net profit of BD10.4 million ($27.6 million) in the three months to June 30.
Total sales fell $5 million to $515 million compared with the same period a year ago.
The decision came less than a week after the Justice Ministry filed a lawsuit against Bahrain’s main opposition group, Al-Wefaq National Islamic Society.
The ministry asked for a three-month suspension of Al-Wefaq National Islamic Society.
Bahrain expelled Tom Malinowski last week, saying he had “intervened flagrantly” in the country’s internal affairs by holding the meeting.
Authorities said al-Wefaq party leader Sheikh Ali Salman and his political assistant, Khalil al-Marzouq, should have obtained permission before meeting the official.
The acquisition, Investcorp’s fifth in 12 months, is expected to close following competition clearances.
Ali Salman, the leader of opposition group al-Wefaq, was summoned after he met with visiting US official Tom Malinowski.
Factors such as oversupply and weak occupier demand have led caused rental rates to stagnate.
Sheikh Ali Salman from al Wefaq and his political assistant were summoned by authorities after they met visiting US official Tomasz Malinowski.
U.S. Assistant Secretary of State for Democracy, Human Rights and Labour, Tomasz Malinowski, was accused of “intervening” in Bahrain’s internal affairs.
Gulf Air’s services to all three destinations were reduced recently due to instability in those regions.
The explosion occurred near the village of East Eker, south of the capital Manama.
The facility will pay an interest rate of 120 basis points above the London interbank offered rate (Libor).
The Gulf state is planning to implement a new visa policy in 2015, under which nationals from 64 countries can receive one-month visas on arrival.
Global operator targets Bahrain shoppers with double opening at retail centre
Italian designer Roberto Cavalli was hoping to receive a 450-million-euro ($612 million) offer from Investcorp by a June 30 deadline.
Khalil al-Marzouq, deputy leader of the al-Wefaq party, was charged with inciting terrorism.
Following unrest in the country, some foreign financial firms have moved staff to Dubai.
Carrier resumes flights to Greek capital after two-year absence
Kuwait’s Capital Markets Authority decided to monitor the stock after it was traded in high volumes ahead of a company disclosure last year.
Batelco, via wholly-owned subsidiary BMIC, had sued Chennai-based Siva and its chairman Chinnakannan Sivasankaran.
The union will charge a nominal membership fee of BD1.200 per year, which will amount up to 100 fils a month.
The Bahrain bourse also said that it had approved trading of options, exchange-traded funds and real estate investment trusts.
The fund’s 2013 profit was driven by lower impairment losses and improved operating performance of assets.
State spending rose by 2.8 per cent to BD3.4 billion in 2013, some 14 per cent below the budget plan.