HSBC Saudi Arabia needs to revamp its compliance procedures before CMA can reverse the ban, sources reportedly said.
The delegation will meet Prince Abdulaziz because Saudi oil minister Ali al-Naimi is out of the country on a business trip, a source said.
The plan is part of the UAE’s strategy of increasing its crude oil output potential to 3.5 million barrels per day by 2017-18.
The lender set price guidance for the bond, which will boost its Tier 1 (core) capital, in the low 7 per cent area.
Saudi Arabia has been supplying more crude to Asian markets and Saudi Aramco’s shipping arm has tendered to build 5 very large crude carriers (VLCCs).
The bank said in a bourse filing that net profit for the three months to the end of March was $32.4 million.
Mobily, an affiliate of the United Arab Emirates’ Etisalat, made a net profit of SAR199 million in the first quarter of 2015.
Kingdom made a net profit of SAR139.4 million ($37.2 million) in the first quarter of 2015.
The Sipchem Chemicals Co plant will make up to 63,000 tonnes per year of polybutylene terephthalate (PBT) resin.
The firm chose Bank Muscat and J.P.Morgan to arrange investor meetings for the bonds in the United States and Europe.
Initial price thoughts were set in the 140 basis points area over midswaps for the sukuk, which have an agency-based structure known as wakala.
The company made a net profit of Dhs86.6 million in the first quarter of 2015.
The company expects to set up offices by the end of this year.
Nine firms bid for stakes in the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession which became available after a 40-year deal expired.
The company is looking in all regions and did not specify a minimum price level below which the acquisitions would become uneconomic.
Obama and Sheikh Mohammed bin Zayed al-Nahayan “reaffirmed their mutual commitment to close defense and security cooperation”.
For the first quarter of 2015, Tasnee posted a net loss of SAR332.5 million ($88.7 million).
CBRE Middle East’s MD Nicholas Maclean and head of research Matthew Green, give their insights into the Dubai and Abu Dhabi real estate markets.
Sipchem attributed the increase in quarterly profit to higher production and sales and lower expenses.
Net profit for the three months to March 31 was QAR511 million.
Several members of Saudi Arabia’s forces have been killed since the country began its air strikes.
The developer launched West Yas and Mayan communities on Yas Island while its third project Meera will be located on Reem Island.
The lender made a net profit of QAR420.2 million ($115.4 million) during the first quarter of 2015.
Kuwaiti companies generally do not pay taxes on income, although foreign firms pay a levy on commercial activities.
Low oil prices mean Abu Dhabi’s real estate market is expected to be stable to negative this year, with a new rental cap under consideration.
Through the deal, a limited liability company specialised in real estate investment and development in Saudi Arabia will be formed.
The merger will still require approval from the shareholders of both companies, the Capital Market Authority and the Ministry of Commerce and Industry.
An interior ministry spokesperson said that all information has been passed on to the security forces, who are on alert.
The move is likely to start the process of incorporating Saudi Arabia into major equity indices by the likes of MSCI, and this could attract as much as $24 billion in foreign capital.
Naimi said that oil production in Saudi Arabia, the world’s biggest crude exporter, was “around 10 million” bpd in April.