The lender made a net profit of QAR420.2 million ($115.4 million) during the first quarter of 2015.
Kuwaiti companies generally do not pay taxes on income, although foreign firms pay a levy on commercial activities.
Low oil prices mean Abu Dhabi’s real estate market is expected to be stable to negative this year, with a new rental cap under consideration.
Through the deal, a limited liability company specialised in real estate investment and development in Saudi Arabia will be formed.
The merger will still require approval from the shareholders of both companies, the Capital Market Authority and the Ministry of Commerce and Industry.
An interior ministry spokesperson said that all information has been passed on to the security forces, who are on alert.
The move is likely to start the process of incorporating Saudi Arabia into major equity indices by the likes of MSCI, and this could attract as much as $24 billion in foreign capital.
Naimi said that oil production in Saudi Arabia, the world’s biggest crude exporter, was “around 10 million” bpd in April.
The company made a net profit of SAR201.74 million ($53.79 million) in the first quarter of 2015.
Tasnee made a net loss of SAR332.5 million ($88.7 million) in the first quarter of 2015.
The company reported a net profit of QAR951 million ($261.2 million) in the first quarter of 2015.
The firm made a net profit of SAR2.50 billion in the first quarter of 2015.
The bank reported a net profit attributable to equity holders of Dhs610.8 million ($166.29 million) in the first quarter of 2015.
The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes”, KUNA said.
Savola said it expected a profit of SAR429 million in the second quarter, according to a bourse statement.
Saudi Arabia’s goal is “the invasion of this country, its occupation and placing this country again under its feet and hegemony”, Abdel-Malek al-Houthi said.
The investment firm had said last week that it would study whether to continue its stock market listings in London and Kuwait.
The subsidiary of Dubai’s Emaar said profits reached $22.65 million in the first quarter of 2015.
The company made a net profit of QAR222.4 million, it said in a statement.
The newly launched Maple community will feature 118 townhouses with three, four and five bedroom units.
SABIC has previously said scarce gas supplies at home have forced it to look at investment opportunies abroad.
The changes include a provision saying no company has the right to halt trading in its shares before or during an annual general meeting or during a transaction.
Etisalat made net profit of Dhs2.18 billion ($593.6 million) in the first quarter of 2015.
The lender made a profit of Dhs651 million in the first quarter of 2015.
The extension will expand DWTC’s multipurpose indoor capacity to over 122,000 square metres and add a 300-vehicle car park.
SABIC’s acting CEO Yousef Abdullah al-Benyan said the idea was still at an early stage.
SABIC CEO Benyan said the fall in oil and petrochemical product prices was “out of control”, but said his company was well placed to deliver returns.
Lloyd’s will target Saudi Arabia and the United Arab Emirates to gain a foothold in Islamic insurance market.
The firm made SAR205.4 million in the first quarter of 2015, it said in a bourse statement.
Nakheel’s chairman reveals how he revived the company’s fortunes, and why he is confident Dubai’s property market will not crash again.