The bank said in a bourse filing that net profit for the three months to the end of March was $32.4 million.
Kingdom made a net profit of SAR139.4 million ($37.2 million) in the first quarter of 2015.
The firm chose Bank Muscat and J.P.Morgan to arrange investor meetings for the bonds in the United States and Europe.
Initial price thoughts were set in the 140 basis points area over midswaps for the sukuk, which have an agency-based structure known as wakala.
The company made a net profit of Dhs86.6 million in the first quarter of 2015.
The company is looking in all regions and did not specify a minimum price level below which the acquisitions would become uneconomic.
Net profit for the three months to March 31 was QAR511 million.
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.
The merger will still require approval from the shareholders of both companies, the Capital Market Authority and the Ministry of Commerce and Industry.
The bank reported a net profit attributable to equity holders of Dhs610.8 million ($166.29 million) in the first quarter of 2015.
Savola said it expected a profit of SAR429 million in the second quarter, according to a bourse statement.
The investment firm had said last week that it would study whether to continue its stock market listings in London and Kuwait.
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.
The lender made a profit of Dhs651 million in the first quarter of 2015.
The departures, revealed via a filing last week, come following a turbulent year for the construction company.
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.
Mousawat said the slight drop in quarterly profit was due to a net loss from a Riyadh hospital it opened in November 2014.
SABIC made a net profit of SAR3.93 billion in the first quarter, down from SAR6.44 billion in the year-earlier period.
Amlak’s shares have been suspended since November 2008 after the global financial crisis helped trigger a local real estate crash.
The price means the retail and wholesale tools superstore will raise around 504 million riyals from its flotation.
Final rules covering the opening of the market will be published on May 4.
Combined customer deposits at the two full-fledged Islamic banks and Bank Muscat almost tripled in the year to March.
G3 Global Grain Group, a joint venture of Bunge and Saudi Agricultural and Livestock Investment Co (SALIC), said that it will buy a 50.1 per cent stake in CWB for $201 million.
The QIA, which holds two seats on VW’s 20-member supervisory board that appoints and dismisses executives, has been looking to solve the leadership crisis at Volkswagen.
Net profit rose to $99 million in the three months.
The bank attributed its increase in net profit to higher total operating income.
The Islamic lender made a net profit of QAR400 million in the first quarter of the year.
The bank sold a $1 billion capital-boosting sukuk issue in January.