Bank of Khartoum has applied for a branch licence and is hoping to finalise the process of obtaining it within weeks.
Any issue would be received well by investors as the emirate derives substantial support for being part of the UAE.
The facility will be used to repay debt and for general business purposes.
The Jeddah-based firm held SAR2.49 billion ($664 million) in assets under management at the end of 2013.
The Jfirm is strengthening its in-house asset management capabilities before the Saudi stock market opens up in the first half of 2015.
Aramex made a 2014 net profit of Dhs318.4 million, the company said.
The lender has earmarked to price its bond issue at 97.5 basis points over midswaps, a document showed.
The bank has picked Abu Dhabi Islamic Bank, Al Hilal Bank, Dubai Islamic Bank, Emirates NBD, HSBC, KFH Investment and Standard Chartered to arrange the sukuk sale.
The seasonally adjusted HSBC UAE Purchasing Managers’ Index fell to 58.1 points last month from 59.3 in January.
Abraaj will be the main investor in the healthcare group with $145 million, while three other investors will pitch in about $55 million.
The company made a net profit of KD10.19 million ($34.38 million) in the last quarter of 2014.
The firm slashed its profits for 2013 and the first half of 2014 by a combined $381 million, citing accounting errors.
Falling oil prices and an imminent liquidity crisis are the other top risks that UAE executives fear might impact their local operations.
Investment Minister Ashraf Salman said the aid included oil shipments, cash grants and deposits in Egypt’s central bank.
Saudi Arabia’s market lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.
The accounting rules are expected to impact some companies on how and when they recognise revenues, global audit firm KPMG said.
A number of Gulf-based banks have issued, or are planning to issue, Tier 1 bonds or sukuk, including Dubai Islamic Bank and Doha Bank.
Mubarak al-Mansouri also dispelled claims that the dollar peg might hurt the UAE’s export competitiveness.
Osama al-Ayoub said the fund was going overweight on Europe because of the European Central Bank’s decision in January to use quantitative easing.
The bank’s CEO said that the lender is targeting organic growth in the country and globally.
The Islamic bond will help finance a budget deficit caused by the plunge of oil prices, Hamood Sangour al-Zadjali said.
State-owned Senaat confirmed that it has shelved plans to go public.
Following the deal, Eiffel Management will own 100 per cent of REIT manager’s total issued share capital.
The official also said that the company did not have any plans for an IPO.
The new five-year facility was structured and arranged by Kuwait Finance House and GIB Capital.
Khalid al-Buainain took early retirement for personal reasons and his departure will take effect on Sunday.
It did not say when it expected to fix the problem, stating that efforts were in progress to rectify it as soon as possible.
The company is looking outside the Middle East for deals in areas excluding real estate, construction, fast-moving consumer goods and marine sectors.
Should Bank Dhofar sell a Tier 1 bond, it would be the first such issue by an Omani bank.
As per the deal, Qatar Holding will buy the 60 per cent of Porta Nuova it does not already own for an undisclosed sum.