Egypt, which has a population of about 90 million, has been hit hard by economic and political upheaval.
The firm plans to reduce the number of shares by 40 per cent instead of cutting their nominal value.
Capital City Partners, a private real estate investment fund headed by Emaar Chairman Mohammed Alabbar, will build the new Egyptian city.
The new projects include development of four shopping malls and other facilities in greater Cairo, and the introduction of VOX cinemas over the next five years.
The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant.
Kuwait, Saudi Arabia and United Arab Emirates each offered $4 billion to Egypt.
The cash replaces an existing $4 billion five-year loan due to mature later this year which Aramco uses as a back-up facility.
The deal is QNB’s biggest syndicated loan to date and proceeds will be used for general corporate purposes.
The international investment summit in Egypt is expected to see domestic and foreign investments worth up to $12 billion.
A deal from the emirate is expected before the end of April, three sources told Reuters earlier this month.
The bond will be Mubadala GE Capital’s first since it completed a debut transaction in November worth $500 million.
The Islamic bond will be of benchmark size, which is traditionally understood to mean upwards of $500 million.
The flotation is expected to happen in the second half of the year on one of Dubai’s two stock markets.
Takween in December agreed to buy the packaging unit of the region’s largest food firm Savola Group for SAR910 million.
The Riyadh-based firm currently manages about $8 billion in assets, largely in equities-related areas.
Amlak’s net profit attributable to equity holders rose to Dhs58.9 million ($16 million) in 2014 from Dhs48.2 million a year earlier.
The listing of family-owned businesses has been a key aim of bourses across the Gulf region, including Oman.
The changes are contained in a financial system law issued on Tuesday by the emir, Sheikh Tamim bin Hamad al-Thani.
The country’s upgrade to emerging market status last year helped to increase average daily turnover by 160 per cent, a senior official said.
The bond was priced at a spread of 110 basis points over midswaps and carried a profit rate of 2.843 per cent, the document said.
The bank did not explain the reasoning behind the recommendation, but said it would increase its bonus share issue to 15 per cent from 10 per cent.
OPEC decided at its last meeting in November to keep production unchanged, rather than cutting it to support sliding oil prices.
The board also proposed a five per cent bonus share issue for 2014.
Average salaries in Saudi Arabia rose seven per cent to reach $12,978.3 per month in the Gulf Business 2015 Salary Survey.
Abanmai has previously served in several executive posts at SABIC and its affiliates, a bourse filing said.
Safco will raise its capital from SAR3.33 billion to SAR4.16 billion ($888 million-$1.11 billion), according to a filing on the bourse website.
A report by a state audit body alleged BD400 million of public funds had been wasted by government departments and state-linked firms.
Trading on the Cairo stock market is expected to begin on Wednesday, the company’s chief executive said.
The builder announced it November it planned a SAR500 million rights issue to help expand its business.
Saudi contractor Mohammed Al Mojil Group has not traded on the Saudi bourse since July 2012.