No purchase price was given by the bourse filing in Dubai.
The five-year bond is part of the lender’s $1 billion Tokyo Pro-Bond Market Programme, it said in a statement.
Arabtec slips 2.4 per cent and Dubai’s benchmark is up 0.5 per cent, after rising as much as 1.0 per cent early in the session.
The firm plans to raise the amount from a loan or bond issue by the middle of next year.
Sovereign investors in the Middle East continue to favour alternative investments with allocations increasing across real estate and private equity.
The figure is an increase on the SAR1.0 per share which the company paid out for the corresponding period of last year.
The investment firm is looking at six deals in total in the Middle East, out of which it expects to close two of them soon.
The central bank seized control of Corpbank, in which Oman fund holds a share, after a run on the lender.
The repayments will be funded from Nakheel’s own resources rather than support from the Dubai government.
The appointment comes as the group looks to build six more schools in the region.
Trading is active, suggesting the market’s tumble this week is viewed by some investors as a buying opportunity.
Alhokair did not give the pricing of the sukuk, which was sold in a private placement to investors in Saudi Arabia.
It attributed the decline in earnings to lower revenues from reduced average daily trading volumes.
Edward Mainwaring-Burton, senior financial planner at wealth management firm Acuma, explains why accepting financial advice is not unlike regular checkups at the dentist.
ALIF Fund will be managed by the International Airfinance Corporation with Airbus and IDB as investors and partners.
Hasan Ismaik, who resigned as head of the firm last week, said that he has offers from government entities and an international construction firm.
Half a dozen stocks fell their 10 per cent daily limits.
The OPEC member’s fiscal surplus is forecast to narrow to 9.3 per cent of GDP in 2014.
Arabtec confirmed on Tuesday that it had laid off a “limited number” of staff to improve productivity.
The deal will see the light rail system starting to operate in 2018-20 in Lusail City.
Mark Watts, who joined the bank in 2010, resigned for personal reasons, sources said.
The company’s stock fell its daily limit of 10 per cent for a second session in a row.
One-year dollar/Saudi riyal forwards jumped as high as 50.50 points, their highest level since the Arab Spring uprisings hit the Middle East in March 2011.
The transaction is earmarked to price in the area of six per cent, a document from lead arrangers showed.
The delay in the start-up of the plant was due to construction work falling behind the original timetable, a statement to the Saudi stock market said.
The stake will be sold to Labregah Real Estate Co, a wholly owned subsidiary of Qatari Diar, the developer said in a statement on Qatar’s bourse.
The purchase of Vela paves the way for a deal which makes Bahri the world’s fourth-largest owner of very large crude carriers (VLCCs).
Al Suwadi Power Co and Al Batinah Power Co, each offered a 35 per cent stake to the public in offerings worth a combined $162.9 million.
As per the deal, bonds can be listed and traded through the exchange by local and international investors, with NBAD using its account with Euroclear to process the transactions.
The investment will be conducted through Egypt’s International Company for Agro-Industrial Projects.