Net profit rose despite a drop in sales despite a drop during the first half of the year.
A statement from the cabinet did not specify a timetable for the market to be opened.
In April, the IMF had forecast GDP growth in the Kingdom to reach 4.1 per cent for 2014.
Net profit rose to KD28.51 million ($101 million) in the three months to June 30 from KD26.8 million in the same period a year ago.
Net profit in the three months to June 30 was SAR191.2 million ($51.0 million), compared to SAR165.2 million in the same period a year earlier.
The company made SAR3.66 billion during the three months to June 30, compared to SAR1.50 billion during the same period of the previous year.
A HSBC survey found that business relationship benefits and competitive pricing were driving UAE businesses to adopt trade in Renminibi.
Saudi Arabia led the GCC activity in the first half of the year with four IPOs, followed by the UAE with three.
The firm, owned by billionaire Prince Alwaleed bin Talal, attributed the rise to an increase in gains on investments and dividends income.
Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.
A plan is expected to be put together within three months.
The purpose of issuing bonds is to meet the requirements of Basel III, according to a senior official.
In May, the lender got regulatory approval to purchase much of Barclays’ retail operations in the UAE.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market to close six per cent lower.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index dropped 5.4 per cent.
The lender had repaid the rest of its total Dhs12.6 billion of support in 2013.
Aabar’s statement followed media reports last week that said the fund was in talks to buy at least part of the 28.85 per cent stake owned by Arabtec’s former chief executive Hasan Ismaik.
Any potential tie-up between the pair would be subject to both firms agreeing terms as well as receiving the approvals of shareholders and regulators.
The lender reported a net profit of Dhs515.6 million for the three months to June 30, up from Dhs488.3 million in the same period last year.
Net profit fell to SAR7.91 million ($2.1 million) in the three months to June 30 from SAR25.38 million a year earlier, the company said in a statement.
The company earned SAR6.46 billion ($1.72 billion) in the quarter, compared to SAR6.04 billion in the year-earlier period.
Net profit in the three months to June 30 was SAR121.3 million ($32.3 million) compared to 103.7 million in the same period a year earlier.
The economic rebound seen both locally and internationally has seen deal-making revived in the last two years, with many now divesting stakes and looking for new opportunities.
The firm made SAR364 million ($97.1 million) in the three months to June 30, according to a bourse filing.
The Securities and Commodity Authority said a new “technical committee” would ensure the integrity of share trading and prevent any manipulation of stock prices.
UAE and Qatar stock markets rallied sharply over the past year in anticipation of the upgrade to emerging market status by index compiler MSCI.
Under the law, founders of a company can list shares through a sell down of a certain percentage of their existing stock.
The firm, which runs securities trading in Dubai, made a net profit of Dhs252.5 million.
On Thursday, the Dubai bourse said it was suspending trade in Arabtec pending clarification on media reports about strategic partners’ stake in the firm.
Housing, water, electricity, gas and fuels recorded price increases of 4.6 per cent during the first six months of the year.