The proposed figure is above the SAR0.3 per share which the bank paid for the corresponding period of 2013.
Strong revenue from property development along with improving performance in Nakheel’s retail, leasing and leisure businesses contributed to these results, the company said.
Dubai recently announced plans to build the “Mall of the World”, including the world’s largest mall, a theme park and 100 hotels and serviced apartments.
The spot silver contract will follow the launch of the first spot gold contract by the DMCC.
The sovereign is rumoured to have appointed banks to manage the transaction and could launch the deal as early as September, the bankers said.
The bank made a net profit of QAR2.7 billion ($741.7 million) in the second quarter of 2014.
The investment will focus on expanding the amount of power generated in the Middle East and North Africa through green methods.
The certificate allows Limitless to legally move forward with the Halong Star project in Vietnam.
Commercial Bank of Kuwait is in the process of being converted into a full-fledged Islamic bank.
The main index in Saudi Arabia rose 0.4 per cent on Monday and closed at 9,790 points.
The delay in launching the spot contract was due to not being able to link all the participants, DMCC chief said.
The SCA said it would also set up a technical committee with the central bank and the exchanges to prevent any manipulation of stock prices.
The fund launched by the Islamic Development Bank has $750 million in commitments from Saudi, Bahrain and Brunei.
The company said the increase was due higher sales in all segments apart from computers.
The financing was arranged for BMJBR Properties Limited, a company owned by the private equity arm of Bank Muscat, the lender said in a statement.
Dubai’s government debt is expected under a baseline scenario to fall gradually to 41.6 per cent of gross domestic product in 2019 from 60.2 per cent in 2013, the IMF said.
The lender cited higher operating income – which increased 17 per cent year-on-year – for the increase in net profit.
The port, which began operating on Jan. 6, currently has an annual capacity of 1.3 million twenty-foot equivalent units.
Dubai’s main index climbed 2.4 per cent as shares in Arabtec jumped 5.4 per cent in early trade.
The company said rising costs had crimped its half-year profit due to a rising wage bill associated with localisation efforts.
Any setback to the government in Southern Iraq could lead to greater demand for the more liquid currencies like the yen, the dollar and the Swiss franc.
Aiming for growth in new territories and demographic groups, Islamic banks look to drop the “Islamic” from their moniker.
The payment came from the proceeds of asset sales completed by the firm and follows an initial sum of $284.5 million returned in March to creditors.
The facility will pay an interest rate of 120 basis points above the London interbank offered rate (Libor).
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index increased to 59.2 points last month from 57.0 points in May.
The company said that it cancelled the IPO due to challenging public market conditions.
The talks with QIB faltered after the banks failed to agree a price, the sources said.
The Securities and Commodities Authority clarified that it could not have suspended trading in Arabtec shares during their recent plunge.
Aabar’s chairman says investors misunderstood the significance of the small reduction of its stake in Arabtec.
Dubai’s main index posted its biggest daily rise since last September, while Arabtec surged its 15 per cent daily limit.