Up to 66 per cent of UAE professionals believe they earn less than what other firms in their industry offer, finds new survey by Bayt.
The regulator has asked the telecommunications operator to clarify information related to one of its businesses.
The transaction has received orders of seven times its size, an earlier document showed.
The bank’s net profit for the three months to March 31 was $147.18 million.
If introduced in the Kingdom, REITs would offer tax benefits, especially for foreign investors.
The committee arranging the issue said it had received in-principle regulatory approval and was now in advanced stages of structuring and documentation.
The firm has launched an advisory service for structuring and managing the assets of the Islamic charitable foundations known as awqaf.
Barclays, Citigroup, Deutsche Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Societe Generale are arrangers for the bond issue.
The bank’s board has approved the issuance of a Tier 2 instrument worth up to $900 million and a $300 million Tier 1 capital increase.
Integrated Diagnostics Holdings priced its offering of 65.2 million shares at an $4.45 per ordinary share.
The bank made a net profit attributable to equity holders of $40 million in the three months ending March 31.
However, officials did not give any time frame for VAT to be introduced or specify the likely tax rate.
Steve Bertamini has been appointed chief executive effective from May 18, the lender said in a bourse statement.
So far, MSCI only had provisional indexes covering the $570 billion Saudi stock market, which is set to open to foreign investors in June.
Capital raised from the IPO will be used to expand the company’s waste management and mass accommodation services for workers on construction projects.
Saudi consumer prices rose two per cent from a year earlier in March.
The airline’s Chairman and CEO Sheikh Ahmed bin Saeed al-Maktoum said lower oil prices had saved Emirates around Dhs2 billion during the financial year.
In total, shares worth OMR53.28 million were bid for under the capital increase, which saw 228.8 million new shares sold to investors.
It did not provide any details such as a timeline or a potential sale price of the unit.
Jadwa, Saudi’s largest private investment firm, expects inflows to reach between $40 billion and $50 billion in the medium to long term.
Saudi Ground Services Co, a unit of national carrier Saudi Arabian Airlines, plans to sell 30 per cent of its shares.
Tabreed said the bond buyback will be financed through a new loan it secured during a debt refinancing last year.
Partnerships with governments have helped the company boost card numbers in the region, a senior official said.
Both individuals are traders of CME Group Inc’s gold and silver futures contracts on its Comex exchange in New York.
Saudi Arabia’s fourth-largest lender by assets, plans to issue 4 billion riyals ($1.07 billion) of bonds.
Adel al-Ghamdi said he believed 10 companies might be possible candidates for privatisation
Sources told Reuters last month that the firm could raise between $750 million and $1 billion from the senior unsecured Reg S/Rule 144A issue.
A single foreign investor will be able to hold no more than 5 per cent of any listed company, while total foreign ownership of a firm will be limited to 20 per cent.
The budget assumed an oil price of $60 a barrel, forecasting a budget deficit of about BD1.47 billion for 2015.
Burgan made a net profit of KD17.54 million ($58.2 million) in the first quarter of 2015.