The lender has mandated Bank of America-Merrill Lynch, HSBC and Morgan Stanley to arrange the bond sale.
The lender expects to price a deal this week, a document from lead managers said.
Banks need to adopt a more simplified approach to apps in order for customers to fully grasp the concept, says Gartner.
Kuwait’s Capital Markets Authority decided to monitor the stock after it was traded in high volumes ahead of a company disclosure last year.
Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.
A sukuk issue is still in the early stages of discussion but would likely be in the 2015 fiscal year, which starts next month, an IFC spokesperson said.
No figure for the amount of debt renegotiated was given in the statement, but bankers had previously said it was in the region of $4.5 billion.
Shares in Dana Gas dropped 4.8 per cent on Sunday as part of a wider rout in Gulf stock exchanges that was partly due to the news from Iraq.
The level of Aabar’s stake in Arabtec is important because the deep-pocketed fund has backed the construction firm’s expansion to become one of the region’s largest builders.
The investment firm will acquire 250 million shares from the ruling family of Ras Al Khaimah.
In a brief statement on Sunday, Dubai Financial Market said the stake had now risen slightly to 18.94 per cent.
Azar has been with Barclays since September 2010, when he joined from private equity firm Kohlberg Kravis Roberts & Co.
A study by the International Finance Corporation (IFC) found a potential market gap of up to $13.2 billion for Islamic financing in the region.
Al Hilal will meet investors in the Middle East, Hong Kong, Singapore, London and Switzerland between June 15- 23.
Etisalat sold $4.3 billion worth of bonds in four tranches on Wednesday.
Arabtec shares dropped 2.4 per cent, a much smaller fall than the 7.8 per cent drop on Tuesday.
JP Morgan is acting as the global coordinator for the bond sale.
The issue’s success was due partly to factors specific to Etisalat, including its state ownership and healthy financial profile.
Arabtec shares have plunged 30 per cent in the last four days as a major shareholder, Aabar, cut its stake in the company.
Aabar cut it stake from 21.6 per cent to 18.85 per cent since Sunday.
The IMF warned that with rent controls recently loosened, there is a risk that rising real estate prices will lead to a hike in inflation in the UAE.
The 10-year sukuk received orders worth more than $5.4 billion.
Strong nominal GDP growth in oil rich Gulf countries were among the factors driving up private wealth, according to a BCG report.
Sawiris’s investment firm, Nile Holding Investments, has investors from the Arab Gulf, Europe and the United States.
The developer said it has instructed Deutsche Bank to make the payment on the due date of June 15, 2014.
The $750 million Islamic bond received orders worth more than $5.5 billion from investors.
Share prices in Dubai builder Arabtec fell 24 per cent in the previous three sessions.
Road shows will be held in Singapore, Hong Kong, Middle East and London.
Arabtec, which had more than tripled in value this year, saw share prices dropping 24 per cent this week.
The Kingdom’s central bank, SAMA, has long managed the country’s investment of oil surpluses abroad.