Yasir al-Rumayyan resigned from the bank last week after heading the business since the start of 2011.
Order books for the bond tap have crossed $500 million, as per the document.
Dubai’s stock index fell 0.8 per cent as most stocks declined.
The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date.
The UAE has an extremely low home insurance penetration rate with just six per cent of the population insured against emergencies, experts say.
The state-owned company might use some of the proceeds from a $1.5 billion long-term loan for its expansion plans.
The bank made a net attributable profit of $36 million for the last quarter of 2014.
Ihab Hinnawi had been chief executive of Jordan’s Umniah, an operator which is 96 per cent owned by Batelco.
If Brent crude stays at its current level of around $60 a barrel in the coming year, some believe Kuwait could run a budget deficit.
Net profit in the three months to Dec. 31 was KD14.3 million.
Sources said the deal could close by the end of the first quarter.
Its original debt deal was signed in 2011 and covered around KD1 billion.
The potential deal is the latest sign of consolidation after the start of merger talks in 2013 between Bank Dhofar and Bank Sohar.
Abu Dhabi Commercial Bank (ADCB) will meet investors in Europe, it said.
Arqaam has offices in five countries in the MEA and offers brokerage, asset management and corporate finance advisory services.
Brent oil traded below $59 per barrel as U.S. crude inventories were expected to hit record highs.
The company plans to offer up to 15.8 million new shares representing 15 per cent of its ordinary share capital.
Nakilat made a profit of QAR201.6 million in the last quarter of 2014, up from QAR176.5 million a year earlier.
Sources said the loan would be structured as a revolving credit facility, giving Aramco flexibility to opt when it wants to withdraw cash.
Banks in the UAE are much stronger than they were during the financial crash of 2008, the chief executive of Dubai’s largest lender said.
The majority of employees expect a pay rise of five per cent while only a fraction of employers are set to award that level of increase this year.
The lender said last month that it was mulling options for raising up to $300 million of capital at the earliest opportunity.
ISIL said they would target Japanese citizens after the Asian country pledged $200 million in humanitarian aid to countries fighting the group.
Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.
Sector-wide profit growth this year is expected to drop to five or six per cent from 22 per cent in 2014.
The listing followed a demerger of OCI NV’s engineering and construction business from its fertilizer and chemicals business.
The GCC states have been mulling the introduction of VAT since 2007 to broaden their revenue base.
The company appointed Abdul Rahman Jareb Rashed Al Hareb as the new chairman, replacing Sheikh Maktoum Hasher Al Maktoum.
He replaces Kris Babicci, who stepped down from the post in October.
NPS secured the refinancing deal from a group of banks and financial institutions.