The company said that it expects to pay 2016 maturities from improved operational cash flow and asset sales.
The much-awaited bureau will begin to issue consumer credit reports to financial institutions next month, it said.
The Dubai-based carrier is the world’s largest operator of Airbus’ A380 jets.
Total revenues generated during the first half of this year declined by 4.4 per cent to reach Dhs1.66 billion compared to the same period last year, the company said.
The sale could net RBS between $720 million and $1.1 billion, according to sources.
The bank made a net attributable profit of $43.8 million for the three months to June 30, it said in a statement.
The company made a profit of Dhs25.88 million ($7.05 million) in the three months to June 30.
In addition to Etihad’s investment, which will pay for a 49 per cent stake in the Italian carrier, shareholders also agreed to a 300 million euro capital hike.
The sale, which is not expected to complete until next year, continues IHG’s strategy of selling on its hotels and then managing them under contract.
Islamic finance has developed alternative inter-bank tools, but higher interest rates are expected to boost murabaha trading, luring back western borrowers looking for cheap finance.
The deal foresees Etihad taking a 49 per cent stake in Alitalia and investing 1.2 billion euros ($1.6 billion) in the airline over the next three years.
The company said that it would shortly make an initial payment to creditors of approximately Dhs2 billion ($545 million), with the remaining debt to be paid over a 12- year period.
The bank’s net attributable profit for the three months to June 30 was $125.9 million, compared with $93.2 million in the corresponding period of 2013.
The law, originally announced in late May, allows foreigners to own more than 49 per cent of a company in special cases.
The sale is one of the largest asset disposals by the state-owned investment unit since the 2009 debt crisis.
Ardian has made a bid on portfolios that Abu Dhabi Investment Authority (ADIA) is looking to sell, Bloomberg reported.
The goal of labour policy is full employment of the Saudi workforce, a report from the labour ministry said.
The Dubai developer’s net profit was boosted by increased revenues from its malls and hospitality businesses.
The alternative investment fund Investcorp posted a 25 per cent gain in annual net profit.
Ominvest said last month it had written to ONIC Holding about forming a strategic arrangement between the two firms
The value of shares brought by foreigners through swap agreements rose to SAR3.53 billion in July, from SAR1.66 billion in June.
The fund’s return fell despite a strong rise in the Kingdom’s stock market, in which it is one of the major investors.
In May, Dubai Investments divested a 66 per cent equity stake in Globalpharma, which contributed a profit of Dhs472 million.
Revenue for the second quarter was Dhs2.19 billion, up 74 per cent year-on-year.
The court ruled that the firm had to repay all three groups of creditors the total amount of $1.56 billion under its restructuring plan.
The conglomerate plans to make its first big repayment early, in exchange for more time before a second and much larger obligation needs to be repaid.
The opening of the Saudi market to direct foreign investment is expected to attract a lot of active money.
The Dubai benchmark added 0.5 per cent in the first hour of trade with builder Arabtec rising 1.5 per cent.
The developer is offering its investors an option to convert its Global Depositary Receipts (GDRs), listed on the London bourse into ordinary shares that would be listed on Dubai’s stock market.
The revival of the capital gains tax on Indians buying property overseas could have a knock on effect on Dubai’s residential property market, according to a real estate consultancy.