NCB said the growth was driven by an 8.3 per cent year-on-year increase in net special commissions income.
The stake was acquired from a group of investors including private equity firm Jadwa Investment.
The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.
The investment is expected to help Evolvence Knowledge Investments Limited (EKI) to expand its offerings in the region.
The bank made SAR1.26 billion ($336 million) in the three months ending June 30, compared with SAR1.18 billion in the same period a year earlier.
Sipchem made a profit of SAR244.6 million ($65.3 million) in the three months to June 30, up from SAR174.0 million in the prior-year period.
The bank made a profit of SAR10.28 million ($26.7 million) in the three-month period to June 30 compared to SAR8.36 million in the same period last year.
The bank said it made SAR1.95 billion ($520 million) in the three months ending June 30, compared with SAR2.12 billion in the same period a year earlier.
Al Mubarak had been serving as the deputy chief executive and chief portfolio management officer of the company since shareholders approved the merger in March 2013.
The acquisition, Investcorp’s fifth in 12 months, is expected to close following competition clearances.
The sources said it was unclear whether the merger plans were permanently on hold or whether they would be revived later.
Qatar sold the shares at 1,915 pence each as part of its portfolio management, a source said.
Finance Minister Arun Jaitley also raised limits on foreign investment in defence and insurance ventures to 49 per cent from 26 per cent.
Qatar Holding is set to slash its 15 per cent stake in the owner of the London Stock Exchange by a third.
Dubai’s only listed crude oil shipper said it had written off accumulated losses worth Dhs1.1 billion.
The proposed figure is above the SAR0.3 per share which the bank paid for the corresponding period of 2013.
Strong revenue from property development along with improving performance in Nakheel’s retail, leasing and leisure businesses contributed to these results, the company said.
Dubai recently announced plans to build the “Mall of the World”, including the world’s largest mall, a theme park and 100 hotels and serviced apartments.
The spot silver contract will follow the launch of the first spot gold contract by the DMCC.
The sovereign is rumoured to have appointed banks to manage the transaction and could launch the deal as early as September, the bankers said.
The bank made a net profit of QAR2.7 billion ($741.7 million) in the second quarter of 2014.
The investment will focus on expanding the amount of power generated in the Middle East and North Africa through green methods.
The certificate allows Limitless to legally move forward with the Halong Star project in Vietnam.
Commercial Bank of Kuwait is in the process of being converted into a full-fledged Islamic bank.
The main index in Saudi Arabia rose 0.4 per cent on Monday and closed at 9,790 points.
The delay in launching the spot contract was due to not being able to link all the participants, DMCC chief said.
The SCA said it would also set up a technical committee with the central bank and the exchanges to prevent any manipulation of stock prices.
The fund launched by the Islamic Development Bank has $750 million in commitments from Saudi, Bahrain and Brunei.
The company said the increase was due higher sales in all segments apart from computers.
The financing was arranged for BMJBR Properties Limited, a company owned by the private equity arm of Bank Muscat, the lender said in a statement.