One bonus share would be issued for each two shares held, increasing the number of the bank’s outstanding shares to 1.5 billion from 1 billion.
Shares in the company have not traded since July 2012, when they were suspended by the regulator after breaching rules relating to accumulated losses.
Qatar Investment Authority’s holding will total 22.8 per cent from purchasing 2.9 per cent of the company, a statement said.
Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.
Saudi Arabia will continue spending actively on major strategic projects such as housing, transport and the construction of industrial cities, a newspaper said.
The boost to the global economy would be between 0.3 and 0.7 percentage points above the Fund’s baseline world growth forecast of 3.8 per cent from October.
The country’s current-account surplus will remain the world’s fourth-largest by the end of 2014 even after oil’s decline, economists say.
The budget is anxiously awaited by financial markets.
The Dubai index climbed 0.6 per cent after a 9.9 per cent jump on Sunday.
The Dubai index jumped 9.9 per cent, while the main Saudi index rose 2.5 per cent.
The new company, Alkhabeer Ventures, will help fund businesses in sectors such as technology, mobile, e-commerce, news media and social media.
The organisation’s executive president said that the fund has been investing heavily in Muscat Securities Market, taking advantage of the fall in prices.
Kellogg said on Thursday that it would improve its offer to 86.36 Egyptian pounds per share, hoping to secure the deal.
The assent was granted at a meeting on Thursday, with the proposals receiving near-unanimous support from independent shareholders, DP World said.
Stock markets in Saudi Arabia and the UAE soared on Thursday as the price of oil rebounded.
The company did not disclose the value of the deal of the size of the stake it acquired in FBA.
The price of brent crude for February delivery settled up two per cent at $61.18 a barrel on Wednesday.
The SCA also stressed that brokerages must inform clients of any shortages in their margin accounts on a daily basis.
The company’s shares have plunged 42 per cent since the end of October as part of a panic sell-off in the Gulf.
Shares of three Bahraini companies are listed on DFM and accounted for one tenth of the bourse’s traded value this year.
The regulator has yet to approve Abraaj’s new offer.
The Kingdom will continue spending on development projects and social benefits in 2015, its finance minister said.
The ratings agency said that large government funded infrastructure projects will continue to drive growth in the GCC even if oil prices slide.
A wave of panic selling wiped out $49 billion of stock market value across the Gulf Arab economies on Tuesday.
The minister urged investors to base their decisions on careful analysis and act rationally.
The bank is expected to start its regular operations by the end of March 2015.
The development of oil prices is being studied by individual countries, the official said.
Dubai’s index closed 7.3 per cent lower at 3,084 points, a one-year low, while Abu Dhabi’s benchmark ended 6.9 per cent lower on Tuesday.
The company did not disclose the value of the deal or the size of its remaining stake in Integrated Diagnostics Holdings.
GCC states should rein in state spending, but in a gradual way to avoid hurting economic growth.