Savola said in August it had held preliminary talks with one of Americana’s largest shareholders about buying a stake in the firm.
The properties are in Durham, North Carolina, Seattle in Washington, and Jacksonville in Florida, the company said in a statement.
Arabtec said it “does not have the information” on such a deal, it said in a bourse statement.
Emaar is aiming to raise as much as Dhs5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG).
The purchase comes after QNB acquired a 12.5 per cent stake in Ecobank from Nigerian “bad bank” Asset Management Company of Nigeria (AMCON) this month.
Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.
No details were given on the timeframe to start operations or what type of licence was being sought to establish in Bahrain.
The Clean Fuels Project will upgrade and expand two of the Gulf Arab state’s largest existing refineries with a focus on producing diesel and kerosene for export.
Salaries across the GCC are predicted to rise by five per cent in 2015, according to Aon Hewitt.
The loan will be used to fund Empower’s multi-plant district cooling network in Dubai’s Business Bay area, the company said in a statement.
The company will sell its 30.4 per cent holding in the Masharef project to Kinan International Company for Real Estate Development.
Emaar expects to sell two billion in Emaar Malls Group with a price range of Dhs2.50 to Dhs2.90 per share, it said in a statement.
Marka initially planned to list its shares on the DFM around the first week of June, but the market was hit by volatility that month.
Talks are at a preliminary stage to sound out banks about what Dubal could raise in the loan market, the sources said on condition of anonymity because the information is not public.
Abu Dhabi firm Trojan General Contracting committed investments worth $16 billion in various infrastructure projects in West Africa.
About $7.85 billion of orders poured in for the 10-year sukuk ijara from 250 investors on Wednesday.
Emaar plans to sell a 15 per cent stake in its retail business unit in a $1.4 billion IPO next week.
The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.
The second round of funding comes as the previous allocation of Dhs1 billion was fully assigned to various businesses, the bank said.
The San Francisco-based company said it would use part of the net proceeds for general corporate purposes.
About $7.85 billion of orders poured in for the sukuk ijara from 250 investors.
Corpbank, in which Oman’s SGRF is the second-biggest shareholder with a stake of about 30 per cent, was hit by a run on deposits in June.
The company is also offering to return cash throughout the loan’s lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of money due next year.
Total cost for a university education, including cost of living, stands at $30,472 per year in the UAE, finds new study by HSBC.
Final guidance was given at 6.00 per cent while initial guidance had been 6.00-6.125 per cent.
The requests for proposals were issued by the parent firms to banks on Tuesday, with financing of the expansion to be split between conventional loans and sharia-compliant facilities.
The emirate, which is issuing sukuk with an ijara structure, has garnered orders worth about $7.5 billion, the document said.
The company plans to float its unit Emaar Malls Group (EMG) this month and subscriptions for the shares will open on Sept. 14.
The offer is rated Baa1 by Moody’s and A-plus by Fitch, and is expected to price on Wednesday.
Itqan currently manages four sharia-compliant funds: a money market fund and three real estate funds.