Mesaieed Petrochemical Holding Co, a unit of state-owned Qatar Petroleum, raised QAR3.2 billion.
The company has hired a group of international banks to help arrange the sale.
BK reported a full-year profit for 2013 at $844 million, down from the $1.08 billion recorded for 2012.
Middle East CEOs are the most confident globally about short-term revenue growth in 2014.
Abraaj’s investment will help Yörsan Group grow both domestically and internationally.
The lender made a net profit of 9.3 million rials in the three months to December 31.
Doha Bank has been raising its reserves in the last year to improve its capital ratios.
The $867 million revolving facility is due to mature in March.
Performance of Saudi lenders is being driven by business growth and declining loan impairment charges.
Corporates and state-owned entities in Saudi Arabia raised the equivalent of $15 billion from the sale of sukuk in 2013.
Bank Sohar is currently in talks with rival lender Bank Dhofar over a possible merger.
The firm is the first Gulf-based issuer to announce plans for an international bond offering in 2014.
Full-year net profit for Prince Alwaleed’s investment firm rose five per cent to 742.5 million riyals.
BRE is selling some of its assets to Qatari Diar to help eliminate its debts.
High liquidity in the country has kept funding costs low.
QIB made a net profit of $100.2 million during the three months to December 31.
Total fees rose to $722 million in 2013, the highest since 2010.
Isam al-Sager, 58, is currently the deputy chief executive of National Bank of Kuwait.
Al Rajhi reported a 19.1 per cent drop in fourth-quarter net profit.
TDX is the UK’s largest debt placement services and debt management platform company.
The academy aims to equip entrepreneurs with practical skills and knowledge they need to become future businesspeople.
Around 49,000 LinkedIn members have moved to the UAE in the last 12 months.
Ahmed al-Qassim was appointed chief executive of Dubai Group last week.
The UAE attracted FDIs worth $12 billion in 2013 owing to increased government spending and resurgence in some service sectors.
IBB was majority-owned by another Qatari lender, Qatar International Islamic Bank.
Aziz Aluthman Fakhroo, a Qatari national and a director at the fund’s mergers and acquisitions team, left late last year.
IPOs in the MENA region recorded a 133 per cent increase in terms of volume and 114 per cent increase in terms of value compared to Q4 2012.
Samba attributed the profit rise to an increase in operating income.
The company said more income from data and business clients were the reason for the quarterly and annual profit increases.
Job openings in the banking, financial services and insurance industry grew 42 per cent year-on-year in December, recording the highest growth among industries in 2013.