The country has undershot its budget plans repeatedly in recent years as political disputes have delayed budget approvals.
The offer is higher than a rival bid of 56 pounds per share from Pioneers Holdings announced on Tuesday.
There were a total of three IPOs in the MENA region during the third quarter with the Emaar Malls Group (EMG) listing being the largest in 2014, the report said.
The statement from the bank was issued following a Bloomberg News report about RBS hiring PricewaterhouseCoopers to sell its Middle Eastern corporate loan book.
Etisalat owns 27.5 per cent of Mobily, which on Monday cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors.
Post the sale, the founder of Dainese will retain a minority stake in the company and will lend his expertise in its operations, Investcorp said.
Subsidies and transfers accounting for nearly 20 per cent of annual expenditure in Abu Dhabi, according to the IMF.
Barclays and Citigroup are the joint global co-ordinators for the bond sale.
The Saudi index tumbled 3.5 per cent to 9,785 points on Tuesday, its biggest drop since Oct. 16 .
He said the first would be a multibillion-dollar project related to the power sector in partnership with a Middle Eastern group.
The loan will have a lifespan of between seven and eight years and will have an amortising structure, the sources said.
The company did not identify the parties but stressed that no final agreement had been reached and no binding commitments had been made.
Kuwait has said it would ship around two million barrels of crude oil a month to Egypt, giving it priority as a buyer ahead of sales from storage into the Mediterranean market.
KIPCO made a net profit of KD10.1 million ($34.8 million) in the three months to Sept. 30, up from KD8 million in the same period of 2013, it said in a statement.
The bank said that despite attracting sufficient attention for the transaction from investors, the bond issue was cancelled due to “legislative and technical issues”
China has appointed clearing banks for Taiwan, Singapore, London, Frankfurt, Paris, Luxembourg and Seoul in the past two years.
QIA, estimated to have around $170 billion, and state-owned CITIC Group signed an MoU to launch the 50-50 investment fund.
The fund is best known for European investments including the acquisition of London department store Harrods.
The bank made a net profit of Dhs476.8 million ($129.8 million) in the three months to Sept. 30, up from Dhs395.5 million in the prior-year period.
The company made a net profit of KD46 million ($158.4 million) in the third quarter of 2014, down from KD53 million in the year-earlier period.
The firm is currently earmarking the U.S. dollar-denominated sukuk to price in the area of the very low 200s in terms of basis points over midswaps, a document showed.
The extra funds had come from the injection of voluntary reserves and retained earnings, as agreed by Gulf Cryo’s owners, it said in a statement.
The offer is for the whole company but Abraaj will accept no less than a 51 per cent controlling stake, it said.
Daman will sell new shares equivalent to 55 per cent of the firm to the public.
Proceeds from the multi-currency programmes would be used predominantly to refinance upcoming maturities.
The retail portion comprises 15 per cent of its stock, amounting to 300 million shares.
Suvrat Saigal, previously head of consumer banking at Barclays in India, takes over from George Beatty, who resigned in January.
Called Beehive, the marketplace claims to be the region’s first peer-to-peer (P2P) online lending platform.
The bank said net profit was KD15.35 million ($52.96 million) for the third quarter of 2014, compared to a KD10.31 million loss in the same period a year ago.
Although the long-term outlook for oil prices remains uncertain, Brent crude has stabilised around $85 a barrel in recent days.