The second phase of the UAE railway project, which at 628 kilometres is the longest of the three planned stages, is expected to be funded by the UAE federal government.
As per the deal, MBRF will extend part of its land bank to newly launched developer Nshama to build an integrated community project at a central Dubai location.
The free zone said that its health insurance solution has been tailored to suit its members so that smaller firms can experience the benefits that are usually available to large corporates.
The bank has set initial price thoughts for the $77.6 million issue of five years duration at 165 basis points over New Zealand midswaps, the document showed.
The company will operate the North El Salhiya onshore area on a 100 per cent basis, and will partner with British major BP to explore El Matariya on a 50:50 ownership basis.
The shareholders agreed to the issuance of a sharia-compliant instrument worth up to Dhs2.1 billion ($571.8 million) and convertible into company stock, the company said.
The price reduction, the fifth in the UAE since 2011, will be carried out in cooperation with international pharma firms, the official news agency said.
The Defense Security Cooperation Agency agency said the deal would help UAE protect its troops, better provide humanitarian assistance, and protect vital commercial trade routes.