The deal will help Abyat expand into the wider Gulf region, with Al Muhaidib Group benefiting from an increased presence in the sector.
ADIB made a net profit of Dhs450.8 million ($122.8 million) in the first quarter of 2015.
The state news agency said that the authorities resolved the situation using “appropriate standard procedures” after landing at the base.
The company said the delay would not increase the cost of the plant.
The project will house more than 2,000 hotel apartments and residences.
Saudi Arabia denied that a major ground operation was under way by the anti-Houthi coalition it leads but declined to comment on special forces.
The developer will partner with Spanish hotel operator RIU Hotels and Resorts to build an all-inclusive four-star resort in Dubai.
The firm is looking for what bankers termed “incremental finance”, sources said.
The statement comes as a group of Arab forces reportedly landed in Yemen to fight Houthi tribesmen.
The developer made a net profit of Dhs1.03 billion ($280.4 million) in the first quarter of 2015.
The group will open a property each in Riyadh and Marrakech in 2017 and 2015 respectively.
The aircraft also targeted a camp of forces loyal to former president Ali Abdullah Saleh, in Arhab district north of the city.
Lower oil prices had only a minor impact on UAE credit conditions, with no effect on demand for business loans or credit standards, a new survey shows.
Brent crude hit a new 2015 high of $66.93 per barrel on Thursday before easing slightly on Friday.
Villas range from three to six bedroom units with prices starting at Dhs1.7 million.
Currently, a fixing is scheduled for every day other than Friday.
Al Waha Petrochemical had closed its propylene and polypropylene plant in Jubail for 30 days from April 1.
Net profit in the three months to March 31 was KD12 million.
The mixed use project, in Dubai, is scheduled to be completed by 2016.
The contract has been awarded to build the bridges linking the project to the mainland.
The investment will produce an average semi-annual cash return of 12 per cent, GFH said.
The United Nations says the conflict in Yemen has killed 600 people, wounded 2,200 and displaced 100,000 since September.
On Wednesday, Saudi King Salman appointed Saudi Aramco’s CEO as chairman of the state oil firm and health minister.
Private Gharbi Rajah al-Hassan al-Mujaishi was patrolling on Thursday morning in the Hareth sector in Jizan province when he was killed.
the central bank did not elaborate on why it took the action against Future Bank and Iran Insurance Co.
A number of Saudi insurance firms have been loss-making for years because of severe competition in the market.
RBS, 79 per cent owned by the British government, is shrinking its corporate and institutional banking business in the Middle East.
King Salman named his nephew Mohammed bin Nayef, 55, and his son Mohammed bin Salman, 30, as his heirs on Wednesday.
Aldar Properties CEO Mohamed Al Mubarak says the company is looking to launch 5,300 units over the next four to five years.
Yemenis warn that the longer the fighting lasts, the harder it will be to restore meaningful state control.