The sukuk will enhance the bank’s Tier 2 – or supplementary – capital.
The offering is likely to take place before the end of the year or in the early part of 2015, sources say.
The 13 sentenced to between three and 14 years in prison were nine Saudi citizens, two Jordanians, an Egyptian and a Syrian.
Microsoft announced that its new gaming console will be made available in 26 additional countries.
Saudi, the UAE and Bahrain recalled their ambassadors from Qatar on March 5, citing policy differences.
The acquisition of General Lighting Company will create a new joint venture, Philips Lighting Saudi Arabia.
Saudi Arabia’s food inflation rate in February was the lowest since November 2012.
Saudi Arabia’s central bank reserves, the vast majority of which are believed to be in U.S. dollars, grew to a record $718 billion in January.
Virgin Mobile Middle East and Africa was one of the winning bidders for three mobile virtual network operator (MVNO) licences in the kingdom.
Saudi Arabia, which pegs its riyal currency to the U.S. dollar, has kept its repo rate at 2.0 per cent since January 2009.
Saudi Arabia’s central bank governor said that he expected the private sector to drive growth in the Kingdom.
Last month, Yemen said it had handed Saudi Arabia 29 of its nationals wanted as al Qaeda militants.
Despite the brotherhood’s taste for populist electoral politics, no other GCC member, apart from Saudi Arabia, has declared it a terrorist organisation.
Eligible citizens who submit requests through the new programme, ESKAN, are expected to be allocated homes within seven months.
The arrests are the first reported cases of Egypt’s Gulf allies detaining members of the Islamist group on its behalf.
The Shoura Council has also asked the Kingdom’s anti-corruption agency to provide a report on the graft situation in the country.
The move follows the withdrawal of the Saudi, UAE and Bahraini ambassadors from Doha last week over foreign policy disagreements.
Saudi Arabia aims to develop shale gas for power generation in order to save more of its crude oil for export.
A source close to Qatar’s government said last week the dispute had more to do with issues in the wider Middle East such as the crises in Egypt and Syria.
The man, who has been in jail for three years, was charged and convicted under laws that criminalise internet abuse.
Alhokair completed the purchase of Spanish clothing brand Blanco last month for 11 million euros.
He also blamed both countries for launching Syria’s three-year civil war through al Qaeda-linked groups.
Saudi Arabia faced a militant insurgency from 2003 to 2006 in which al Qaeda targeted residential compounds for foreign workers and Saudi government facilities, killing dozens of people.
Jallal, who was senior vice-president of investment banking at Saudi Fransi Capital, the investment banking unit of BSF, resigned last month.
The 2014 Gulf Business Salary Survey reveals the best-paid jobs in the Kingdom.
Saudi Arabia, Bahrain and the UAE said on Wednesday they were withdrawing their ambassadors from Qatar.
They accused Doha of not implementing an agreement among GCC countries not to interfere in each others’ internal affairs.
The Kingdom’s stock market saw five IPOs in 2013 worth around $506 million, down in both volume and value from 2012.
Development of the Saudi petrochemical sector is part of Riyadh’s strategy for diversifying the economy away from its dependence on crude export revenues.
South Korea’s Daelim Industrial, France’s Technip, Spain’s Tecnicas Reunidas and Taiwan’s CTCI have submitted bids for the two-plant project in Jubail.