The company’s profit fell to Dhs100.7 million ($27.42 million) in 2014 from Dhs166.5 million a year earlier.
Prince Saud K. Al Faisal said that under a new programme, the government would propose investments linked to such state spending plans.
The cash will be used to finance a number of projects that Shandong is currently working on.
The loan will replace an existing $4 billion facility due to mature later this year.
Nobel Learning, which operates 176 schools across 18 states, was acquired from Leeds Equity Partners for an undisclosed sum.
The rights issue would be in addition to the planned Tier 1 bond of $300 million.
The firm said in a statement on Sunday its net profit in the last quarter of 2014 grew to $45.7 million.
The bourse gave no specific timeline for the reform.
Islamic banking assets in the Emirates crossed $1 billion in 2014, a new report says.
Humphrey Percy, who has served as CEO since August 2006, will also step down as a board member of the bank, BLME said.
The key risks for the UAE stock markets are an escalation of the military conflict in Yemen and renewed weakness in oil prices, Credit Suisse said.
Many companies polled said that compliance costs had surged by more than 50 per cent over the last two years.
The emirate’s top source countries for investment were the US, the UK, India, Netherlands, Germany and Italy.
Billions of dollars of Saudi money may be withdrawn from Western banks and financial markets this year as the country copes with a sharp reduction in its revenues.
Such a move would open the way for an international exchange operator such as Nasdaq OMX or Euronext to take a stake in the stock market.
Aabar chairman Khadem al-Qubaisi said the company may issue similar bonds linked to shares in other investments in future, although it currently had no plans to do so.
The utility last week disclosed it was in talks with an unnamed Gulf investor, raising hopes that it could receive fresh funds and emerge from a crisis.
The company earlier confirmed it had sold its complete 17.4 per cent stake in the London Stock Exchange (LSE).
The firm had been the biggest single shareholder in the LSE prior to the sale.
The fire in October 2014 caused “significant” damage at one of Almarai’s bakeries in Jeddah, the company said at that time.
Dubai’s index, which is the most volatile in the region because of leverage and the dominance of short-term investors, tumbled 5.1 per cent.
Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds.
Subscription for the initial public offering will open on April 22 and run until April 28.
The company plans to achieve its 2018 profit target through earnings growth “across our core companies, particularly those in the financial services and media sectors”.
The action allows lawyers for the conglomerate to gather the signatures of creditors in support of the deal outside the Dubai World Tribunal.
The decision looks likely to have little immediate impact on investment flows since foreign ownership limits for most stocks are far from being used up.
Trading in Amlak was halted in November 2008 as credit markets dried up and the emirate’s real estate prices began a 50 per cent tumble from their peak.
The deal has garnered more than $3 billion in orders, a document showed.
The bank has mandated HSBC and Standard Chartered as joint global coordinators for the Tier 1 bond.
The company said earlier that it had successfully placed 2 billion euros ($2.18 billion) of unsecured exchangeable bonds over shares of UniCredit.