State-owned Senaat confirmed that it has shelved plans to go public.
Following the deal, Eiffel Management will own 100 per cent of REIT manager’s total issued share capital.
The official also said that the company did not have any plans for an IPO.
The new five-year facility was structured and arranged by Kuwait Finance House and GIB Capital.
Khalid al-Buainain took early retirement for personal reasons and his departure will take effect on Sunday.
It did not say when it expected to fix the problem, stating that efforts were in progress to rectify it as soon as possible.
The company is looking outside the Middle East for deals in areas excluding real estate, construction, fast-moving consumer goods and marine sectors.
Should Bank Dhofar sell a Tier 1 bond, it would be the first such issue by an Omani bank.
As per the deal, Qatar Holding will buy the 60 per cent of Porta Nuova it does not already own for an undisclosed sum.
Saudi Arabia plans to open its stock market to direct investment by foreign institutions in the first half of 2015.
At Dhs18.33 billion, the total for deals signed with local and international companies by the Gulf Arab state was the highest at the event.
Experts say that Bahrain had managed to diversify its economy enough in recent years to make lower oil prices less damaging.
Bond issuance from Qatari borrowers has been rare in the last 18 months.
FGB, the third-largest lender in the UAE by assets, reported a 13 per cent rise in Q4 net profit in January.
A proposal by Qatar’s Investment House for a QAR750 million IPO of an agricultural firm has been shelved by regulators.
The bank is borrowing from financial markets again as it recovers from a debt restructuring.
Mobily on Wednesday said it had swung to a full-year loss in 2014, according to audited results.
GCC economies should rethink their monetary policies and the long-term sustainability of their currency pegs to the U.S. dollar, he said.
The plunge in oil prices is not hurting liquidity in the banking system, Rasheed al-Maraj said.
The lender reported a 424 per cent rise in fourth-quarter net profit.
Yasir al-Rumayyan resigned from the bank last week after heading the business since the start of 2011.
Order books for the bond tap have crossed $500 million, as per the document.
Dubai’s stock index fell 0.8 per cent as most stocks declined.
The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date.
The UAE has an extremely low home insurance penetration rate with just six per cent of the population insured against emergencies, experts say.
The state-owned company might use some of the proceeds from a $1.5 billion long-term loan for its expansion plans.
The bank made a net attributable profit of $36 million for the last quarter of 2014.
Ihab Hinnawi had been chief executive of Jordan’s Umniah, an operator which is 96 per cent owned by Batelco.
If Brent crude stays at its current level of around $60 a barrel in the coming year, some believe Kuwait could run a budget deficit.
Net profit in the three months to Dec. 31 was KD14.3 million.