The deal is the first completed by L Capital Asia in the Middle East, a statement said.
The offering by the bank will have a lifespan of between five and seven years.
The bank made a net profit of Dhs1.55 billion ($422 million) for the last quarter of 2014.
The group is planning to open 40 new medical centres as part of its expansion in the region, a senior company official said.
Construction of the villa project has already begun and it is due for completion at the end of 2015.
The lender was one of 10 bidders for the business put up for sale by the U.S. bank in October, a source told Reuters earlier this month.
The company, a consortium headed by Dubai firm Emaar Properties and Saudi investors, is building King Abdullah Economic City, a special economic zone near Jeddah.
Emirates’ superjumbo network in European grows to 13 points
The weekend Abra service will run from Souk Qaryat Al Beri to Eastern Mangroves, with stops at three five-star hotels.
NBAD made a net profit of Dhs1.372 billion ($373 million) in the last quarter of 2014.
The 400,000 bpd refinery, which is currently running at about 60 per cent of capacity, started gasoline output this week.
The company won five golds and a grand prix during the Dubai Lynx awards last year.
Songbird said it still thought the offer undervalued the company but with no rival offer forthcoming it recommended its shareholders to accept the deal.
A source familiar with the matter said that Citigroup had been hired to look into options for Zain’s towers.
The 2015 budget will also provide job opportunities to 1,000 Emiratis, a finance department official said.
The bank’s proposed 2014 dividend is equivalent to $0.03 per share in cash and one free share for every 10 a shareholder owns.
The company sold 74.5 million iPhones in its fiscal first quarter ended Dec. 27.
Drake & Scull Engineering will provide MEP services for an under-construction hotel and apartment complex.
Gunshots were fired at the flydubai flight when it was landing at Baghdad airport on Monday evening.
Two armed gunmen stormed into the five-star Corinthia Hotel and fired at guests before blowing themselves up with a grenade.
Obama cut short a trip to India to fly to Riyadh, and was joined on the four-hour visit by a big delegation.
The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, Japan’s Nikkei reported.
The lender will increase its capital to SAR20 billion from retained earnings by issuing two shares for every three shares held.
New regulations being planned by the UAE will ban the use of UAVs near airports, residential areas and other public properties.
Net profit for the three months to the end of December was 8.97 million dinars ($30.4 million), compared to 8.1 million dinars in the year-earlier period.
The company has yet to make a quarterly profit since launching service in 2008.
It would be the third purchase by the privately-owned investment firm in the non-banking financial services sector in recent months.
Obama’s visit comes as Washington struggles with worsening strife in the Middle East and counts Saudi Arabia among its few steady partners in the region.
The Abu Dhabi airline is offering passengers travelling on January 27 and 28 the option to postpone their tickets.
The Dubai carrier is one of the few major airlines that does not hedge its fuel bill by buying future stocks of jet fuel to minimise the effect of price spikes.