Qatar National Bank had planned to buy 77 per cent of National Societe Generale Bank last year.
Etisalat is talking to banks about a syndicated loan of up to $8 billion to finance the potential transaction.
Wafik Nsouli will take charge as executive director and head of institutional equity sales
The Dubai-listed company has proposed to pay a cash dividend of 5 fils per share to its shareholders.
The Dubai developer’s shares jumped 4.6 per cent to hit Dhs5.15, its highest close since November 2008.
The UAE lender will issue a benchmark-sized five-year bond and also a ten-year subordinated deal.
The Qatar sovereign has ratings of Aa2 from Moody’s and AA from S&P, and was in the bond market last summer with a $4 billion sukuk issue.
The issue will be split equally between a local offering and global depositary receipts (GDRs) in London.
The structure could play a role in Islamic finance after it was used for the first time by London-based subsidiary of Kuwaiti firm Securities House.
The bank made a net profit of $26 million for the final three months of 2012, meaning a full-year profit gain of 13 per cent.
International Finance Corp is to buy into the lender with a 5.28 per cent private share placement.
Tom Emmet will head up the lender’s mergers and acquisitions business in the MENA region.
The group will now be known as UAE Banks Federation to better reflect ‘the union of UAE banks’.
The lender said earlier this month it was seeking regional acquisition targets after selling a 29.4 per cent stake in Qatar’s Ahli Bank.
Qatar Holding’s vice-chairman says the firm will invest in shares, bonds and private equity.
Aldar, which has been bailed out by the Abu Dhabi government over the past two years, plans to merge with rival Sorough.
The money will be disbursed on an annual basis over the next 10 years.
KFH, Kuwait’s biggest Islamic lender, started a restructuring programme last year.
Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which include a Dhs3.8 billion sukuk.
The company borrowed heavily to build up holdings in a number of major companies, including carmaker Daimler.
The emirate is sensitive to the issue given its geographical positioning to countries targeted by sanctions.
The UAE lender said earlier this week it had mandated lead arrangers for the $500 million issue.
The surplus is equivalent to 12 per cent of the sultanate’s 2011 GDP.
VTB, Russia’s second largest bank, could issue the Qatari wealth fund with $1.5 billion of new equity, says report.
The first instalment is due to be repaid in the second half of 2013.
Signs of recovery are visible in the market with strong indications of growth, according to a senior official at Emirates NBD.
Gulf Capital, which has around $1 billion in assets under management, did not provide financial terms.
The number of Islamic financial firms which obey religious principles has increased substantially in Kuwait.
Chief executive Abdulaziz Al Ghurairis optimistic about the bank’s performance this year.
Dubai’s flagship investment vehicle is scheduled to repay a $2 billion loan.