The sukuk will be launched and priced later on Wednesday, the arrangers said.
Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.
Oil slid in early Asian trade on Wednesday after touching its lowest in nearly six years in the previous session.
The firm made a net profit of SAR617.8 million ($164.6 million) in the fourth quarter of 2014.
Salah al-Fulaij had been the chief executive of NBK Capital, the investment banking arm of the bank, since 2007.
The bank reported a net profit of QAR2.5 billion ($686.7 million) for the fourth quarter of 2014.
Dubai World said that it had received backing from a “substantial majority” of creditors on the new deal which would see part of its debt repaid early.
Iranian president said that oil producers such as Saudi Arabia and Kuwait will suffer more than Iran from the falling oil prices.
The entry brings the total number of founder nations intending to join the $50-billion bank to 26, officials said.
Up to 45 per cent of IDH could be listed, the company said.
The company will deploy the facility to further penetrate the SME growth finance market in the UAE and Saudi Arabia, it said.
rent crude oil dropped into the $46 area in Asian hours on Tuesday, near a six-year low.
The bank attributed its increase in net profit to a rise in total operating income, which gained 13.4 per cent.
Songbird Estates said the 350 pence per share cash offer did not reflect the value of its property of growth potential.
Banque Saudi Fransi made a net profit of SAR851 million ($226.8 million) in Q4 2014, up from SAR274 million in the same period a year earlier.
SAFCO did not provide a reason for the profit drop in the Enlgish results statement.
Local media reported that the corporation is ready for the privatisation process and for listing on the Saudi stock exchange.
Wynce Low was previously head of debt capital markets for HSBC in Malaysia.
The amount is expected to finance 523 projects over a period of five years, a senior official said.
The new restructuring plan involves repaying early an existing $2.92 billion maturity due in 2015.
The chief executive said that Marka was also looking at four asset purchases in the food and beverage sector,
The new system is part of efforts by the central bank and the bourse to develop Bahrain’s capital markets and increase their contribution to economic development
Damac traded at Dhs3.19, up 14 per cent from its London close last Friday.
Several regional companies published positive fourth-quarter earnings.
In 2014, UAE companies, led by Emirates and Etihad, invested $163 million in shirt sponsorship, finds new report.
Operating income in the fourth quarter stood at SAR1.995 billion.
The bank cited an increase in operating income, which rose 20 per cent year-on-year, for the profit hike.
Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.
The investment firm sold the development rights to a plot of land measuring 3.66 million sqm in Qatar’s Lusail City
One of the purchases will be of a financial entity, with the second acquisition coming in the real estate sector.