The five-year offering received investor orders worth SAR2.43 billion.
Investment Dar has been embroiled in litigation over a stake in Boubyan Bank, which it sold to Commercial Bank of Kuwait in 2008.
The recently-opened Al Etihad Credit Bureau collates bank data on people’s credit histories.
The firm has set initial price thoughts in the area of 237.5 basis points over midswaps for the sukuk, which is expected to price on Tuesday.
Inflation in the OPEC member, which pegs its riyal currency to the dollar, eased to an annual 2.6 per cent in October from 2.8 per cent in the previous month.
Dubai’s tax-free benefit strategy is becoming eclipsed by the rising costs of housing and education, a new study says.
The Capital Market Authority previously said that the Saudi market will open to direct investment sometime in the first half of 2015.
The central bank had sent a notice to all treasury managers informing them that it no longer objects to Kuwaiti banks dealing in derivatives with foreign banks if they are in line with the regulations.
The Dubai-based theme park developer is offering 40 per cent of its shares to investors, with each share priced at Dhs1.
Price indications have yet to be confirmed, the document said on Monday.
With the price of Brent crude oil now below $80 a barrel, down from around $115 in June, the Saudi government may post a budget deficit next year.
The loan book on a gross basis has risen about eight per cent during nine months of this year.
Dow Chemical announced last week that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
Several Western nations warned Russia of further sanctions if it did not withdraw troops and weapons from Ukraine.
The index will monitor the level of intellectual property rights protection in the emirate by gauging satisfaction levels among the business community for the existing laws.
The bank did not disclose how much debt would be converted, however 118.61 million new ordinary shares with a value of $0.8431 per share would be issued to IFC subject to regulatory approval.
Dubai’s index slipped 0.3 per cent as Arabtec dropped 2.8 per cent and was one of the most heavily traded stocks on the bourse.
Shares will be sold at SAR23 each, with shareholders eligible to purchase one new share for every 3.8 shares they currently own.
The builder reported a profit of Dhs68.7 million ($18.71 million) in the third quarter of 2014, down from Dhs100.8 million in the corresponding period of 2013.
The company made a net profit of Dhs109.3 million in the third quarter of 2014, down from Dhs140.8 million in the year-earlier period.
Under the deal signed last week, the IQ Made in Italy joint venture will buy a 28.4 per cent stake in Inalca.
Gulf bonds are actually viewed as defensive plays by some international investors, even though the region is heavily exposed to oil prices and the scene of a fair amount of geopolitical instability.
The Christie’s name will soon be facilitating the sale of more than just art and watches in the UAE.
The investment will be channeled through its KEF Infra and KEF Health verticals, the company said.
The chief executive declined to specify exactly which assets the company wanted to exit or how it would do it.
Jabal Omar said that it made a profit of $115 million in the fourth quarter of the Hijri calendar year which ended last month.
The project financing will fund construction of the parks, along with equity provided by Meraas investment group and the $689 million initial public offering (IPO) of 40 per cent of Dubai Parks and Resorts.
Aldar is working on 23 development projects in Abu Dhabi and is focused on completion of existing projects, CFO Greg Fewer said.
Abu Dhabi’s index climbed 0.1 per cent while Dubai’s bourse edged down 0.3 per cent.
The purchase of EZW, currently owned by Port and Free Zone World, includes the assumption of net debt of $859 million.