The company made a net profit in 2014 of Dhs4.68 billion last year, up from Dhs3.30 billion in 2013.
The bulk of the financing consisted of a $800 million Islamic loan of five years duration that was provided by five Saudi banks.
Arabtec posted an unexpected Q4 loss of $25.7 million, blaming non-recurring general and administrative expenses.
Non-recurring general and administrative expenses jumped 75 per cent to Dhs749.9 million last year.
Daman Fifth caters mostly to rich individuals, family investment offices and institutional investors from within the Gulf.
Market conditions may have shifted so far in favour of euro issuance that Gulf borrowers may leave their comfort zone and start to follow a shift towards the euro.
The financing from a group of Korean institutional investors is structured as a 15-year, fixed coupon full-payout lease.
The annual general meeting of the lender gave approval for the move in accordance with Basel capital requirements.
The firm made a profit attributable to shareholders of $675 million compared with $604 million in the prior year.
The plan comprises issuance in domestic and international markets through public subscription or private placement, a bourse statement said.
Savola reduced its projection to SAR178 million before capital gain from its previous forecast of SAR360 million.
The funds will be used to help the company meet commitments at the group and subsidiary levels.
Dubai’s index fell 3.6 per cent by Wednesday’s close to a 10-week low of 3,408 points.
He declined to elaborate on the reasons for Qatar sticking to its peg.
The exchange, which currently trades gold futures, said last year that the spot contract was expected to be for 1 kilogramme (32 troy ounces) of 0.995 purity gold.
The transaction will have a spread of 200 basis points over midswaps, a document showed.
Takween in December agreed to buy the packaging unit of Savola, the region’s largest food firm for SAR910 million.
The facility will be used to fund general operations of the bank.
BBK has returned to the market in its first debt issue since 2010 to refinance an existing $500 million bond maturing in October.
Increased competition in the UAE’s telecoms sector will help make services more affordable for new companies.
Investor meetings will start in Singapore on Thursday, before moving to Kuala Lumpur on Friday, the United Arab Emirates on Sunday and London on Monday.
The company had announced last November that it planned to list on the Dubai Financial Market during the first quarter of 2015.
Brent crude oil fell to around $54 a barrel on Monday, its lowest for more than a month.
The lender plans to target affluent and high net worth individuals in Egypt.
Kuwait, Saudi Arabia and the United Arab Emirates each offered $4 billion to Egypt.
The sharia-compliant institution is expected to raise funds before end-April, sources said.
The official did not specify which company will be listed.
Christine Lagarde reiterated the IMF’s forecast that the world economy would grow by just 3.5 per cent this year and 3.7 per cent in 2016.
Egypt’s prime minister said investment deals worth a total of $36 billion were signed at the summit.