The plan comprises issuance in domestic and international markets through public subscription or private placement, a bourse statement said.
Savola reduced its projection to SAR178 million before capital gain from its previous forecast of SAR360 million.
The funds will be used to help the company meet commitments at the group and subsidiary levels.
Dubai’s index fell 3.6 per cent by Wednesday’s close to a 10-week low of 3,408 points.
He declined to elaborate on the reasons for Qatar sticking to its peg.
The exchange, which currently trades gold futures, said last year that the spot contract was expected to be for 1 kilogramme (32 troy ounces) of 0.995 purity gold.
The transaction will have a spread of 200 basis points over midswaps, a document showed.
Takween in December agreed to buy the packaging unit of Savola, the region’s largest food firm for SAR910 million.
The facility will be used to fund general operations of the bank.
BBK has returned to the market in its first debt issue since 2010 to refinance an existing $500 million bond maturing in October.
Increased competition in the UAE’s telecoms sector will help make services more affordable for new companies.
Investor meetings will start in Singapore on Thursday, before moving to Kuala Lumpur on Friday, the United Arab Emirates on Sunday and London on Monday.
The company had announced last November that it planned to list on the Dubai Financial Market during the first quarter of 2015.
Brent crude oil fell to around $54 a barrel on Monday, its lowest for more than a month.
The lender plans to target affluent and high net worth individuals in Egypt.
Kuwait, Saudi Arabia and the United Arab Emirates each offered $4 billion to Egypt.
The sharia-compliant institution is expected to raise funds before end-April, sources said.
The official did not specify which company will be listed.
Christine Lagarde reiterated the IMF’s forecast that the world economy would grow by just 3.5 per cent this year and 3.7 per cent in 2016.
Egypt’s prime minister said investment deals worth a total of $36 billion were signed at the summit.
Egypt, which has a population of about 90 million, has been hit hard by economic and political upheaval.
The firm plans to reduce the number of shares by 40 per cent instead of cutting their nominal value.
Capital City Partners, a private real estate investment fund headed by Emaar Chairman Mohammed Alabbar, will build the new Egyptian city.
The new projects include development of four shopping malls and other facilities in greater Cairo, and the introduction of VOX cinemas over the next five years.
The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant.
Kuwait, Saudi Arabia and United Arab Emirates each offered $4 billion to Egypt.
The cash replaces an existing $4 billion five-year loan due to mature later this year which Aramco uses as a back-up facility.
The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.
The international investment summit in Egypt is expected to see domestic and foreign investments worth up to $12 billion.