The firm said the facility would be used to refinance existing debt and to finance planned new real estate projects.
Abraaj bought a controlling stake in KES Power, the majority shareholder in K-Electric, in 2009.
Abu Dhabi Fund for Development will provide finance to construct a 6 MW solar power plant in the city of Freetown in Sierra Leone.
Dubai’s index is now down 27 per cent from the multi-year peak hit in mid-May, though it is still up 17 per cent year-to-date.
Atheeb sold a building and two plots of land to an unidentified buyer, according to a company filing to Riyadh’s bourse.
Boosted by billions of dollars in aid from Gulf Arab countries, Egypt’s 2013/14 budget deficit was set to shrink from some 14 per cent the year before.
Talal Said Marhoon al-Mamari was previously chief financial officer of the company.
EFG Hermes is one of the biggest investment banks in the Middle East.
The survey by PwC found that 75 per cent expect an increase in funding for infrastructure and capital projects over the next 12 months.
Waha Capital bought a 20.56 per cent stake in National Petroleum Services for $76 million.
The Dubai builder’s shares have fallen 59 per cent from May 14’s record close.
Italian designer Roberto Cavalli was hoping to receive a 450-million-euro ($612 million) offer from Investcorp by a June 30 deadline.
No purchase price was given by the bourse filing in Dubai.
The five-year bond is part of the lender’s $1 billion Tokyo Pro-Bond Market Programme, it said in a statement.
Arabtec slips 2.4 per cent and Dubai’s benchmark is up 0.5 per cent, after rising as much as 1.0 per cent early in the session.
The firm plans to raise the amount from a loan or bond issue by the middle of next year.
Sovereign investors in the Middle East continue to favour alternative investments with allocations increasing across real estate and private equity.
The figure is an increase on the SAR1.0 per share which the company paid out for the corresponding period of last year.
The investment firm is looking at six deals in total in the Middle East, out of which it expects to close two of them soon.
The central bank seized control of Corpbank, in which Oman fund holds a share, after a run on the lender.
The repayments will be funded from Nakheel’s own resources rather than support from the Dubai government.
The appointment comes as the group looks to build six more schools in the region.
Trading is active, suggesting the market’s tumble this week is viewed by some investors as a buying opportunity.
Alhokair did not give the pricing of the sukuk, which was sold in a private placement to investors in Saudi Arabia.
It attributed the decline in earnings to lower revenues from reduced average daily trading volumes.
Edward Mainwaring-Burton, senior financial planner at wealth management firm Acuma, explains why accepting financial advice is not unlike regular checkups at the dentist.
ALIF Fund will be managed by the International Airfinance Corporation with Airbus and IDB as investors and partners.
Hasan Ismaik, who resigned as head of the firm last week, said that he has offers from government entities and an international construction firm.
Half a dozen stocks fell their 10 per cent daily limits.
The OPEC member’s fiscal surplus is forecast to narrow to 9.3 per cent of GDP in 2014.