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.
The Bahrain bourse also said that it had approved trading of options, exchange-traded funds and real estate investment trusts.
Order books are scheduled to close at the end of this week, according to sources.
Qatar launched quarterly government bond sales in March 2013 to expand the central bank’s policy arsenal and help banks manage liquidity.
The potential benchmark sukuk comes ahead of plans by Emaar Properties to sell a quarter of its unit to the public.
The bank has chosen National Bank of Abu Dhabi and Standard Chartered to arrange roadshows in the Middle East, Asia and Europe starting June 11.
The facilities will be used to refinance an existing $1.1 billion facility and purchase assets.
The lender did not give a size or time frame for the potential sale of the unit.
Mubadala is currently the biggest shareholder in Tabreed with 14.3 per cent.
The proposed Saudi fund would start with capital of 30 per cent of budget surpluses accumulated over past years, it was reported.
The development of oil output along with a stable level of oil prices contributed to the UAE’s economic growth in 2013.
The regulator had halted the trading of STC shares after the company failed to give sufficient details on a network sharing deal.
Monitoring development in the UAE real estate markets and the banks’exposure to it remains a core financial stability priority, the bank said.
The new rules on capital will include requirements for enhanced capital, the application of a new leverage ratio and a shift in definition of capital.
The tax will apply for three years, Egyptian state media reported.
The offering will support the bank’s capital base in accordance with Basel III requirements, assist its future growth and diversify funding sources, a statement said.