Shareholders controlling 59.91 per cent of the company’s shares had agreed to sell at 89.86 pounds per share, Bisco Misr said in a statement.
Brent crude fell as low as $51.23 a barrel on Tuesday, its lowest level since May 2009.
King Abdullah said that lower prices were primarily caused by weakness in the global economy.
Design-led hotel targets business and leisure guests as more five-star supply beckons
The UAE was the third largest market for Rolls-Royce after the US and mainland China in 2014, while Saudi Arabia was fifth.
The company’s statement follows reports that it had assigned a consultant to advise on potential take over bids.
It did not give the details of the previous loan but said it was signed with six banks in June 2012.
The airline will also review the amount of time its flights can be on the tarmac with passengers on board, following reports of passengers being held on a plane for nearly 12 hours.
Dubai’s bourse tumbled 5.1 per cent with Emaar Properties losing 8.4 per cent.
The ministry fined Ooredoo Kuwait, claiming that it had been unlawfully using government network infrastructure since 1999,
The Islamic lender has mandated HSBC and Standard Chartered as the joint structuring banks.
The measure of output growth climbed to 65.0 points in December from 62.8 in November, while new orders were at 65.4 points against 65.5.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index rose to 57.9 points in December from 57.6 in the previous month.
Brent futures edged up early on Tuesday but traded below $54.
Users of Twitter were facing a delay of 25 minutes to 45 minute, the company said.
The new plan aims to reduce the total expenditure of the airline by more than OMR100 million over the next three years.
Sheikh Ali Salman, head of the al-Wefaq Islamic Society, was arrested after leading a protest rally against elections.
The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.
Additional supply from Iraq and Russia have entered the market, offsetting the lack of exports from Libya, experts say.
The royal court previously said that King Abudullah was suffering from pneumonia and temporarily needed help to breathe through a tube.
Petra Airlines will be rebranded as Air Arabia Jordan and the UAE carrier will establish a hub at Amman’s Queen Alia International Airport.
Many US firms are racing to revamp their policies, cashing in well-placed hedges to increase the number of future barrels hedged, according to industry consultants.
There are 10 public holidays for all workers in the public sector.
Passengers said that they were asked to wait in the plane because Abu Dhabi International was too crowded with travellers from other stranded flights.
The guards were killed in a slight border skirmish when attackers shot at the patrol near Arar.
The firm will seek to sell 240 million ordinary shares at Dhs2.4 ($0.65) each between January 11 and January 25, it said in a statement.
Dubai’s index dropped 3.4 per cent as all but a handful of stocks fell.
The figure is down from the SAR6 per share that the company paid for the corresponding period of 2013.
The explosion left a hole in the wall of the building but no fatalities were reported.
Rami Hurieh took over as CFO effective from January 4 after the departure of Jean Ayoub, TNI said in a bourse filing.