The fund will now raise $700 million from an Islamic bond with a six year lifespan, up from the $500 million it had previously said it would raise.
The capex forecast for the year is lower than the $2.37 billion which the company spent in 2013.
The company said it is trying to get the initial public offering completed this year.
Etisalat has bought into Maroc Telecom through a separate legal entity, Etisalat International North Africa (EINA).
The EIA official did not rule out the possibility of an extra charge being levied if the banks started using the Emirates Identity Cards for financial transactions.
The issue, which will be done as a private placement, will help boost the bank’s core capital.
Investor orders worth around $2 billion have been placed so far, a document from lead arrangers said.
The firm made a profit of Dhs274 million ($74.6 million) in the three months to March 31.
The company has agreed one-year murabahas – a sharia-compliant cost-plus-profit arrangement -with Qatar Islamic Bank, Masraf Al-Rayyan and Barwa Bank.
The Fund estimates that subsidies cost the region $237 billion annually.
The fund aims to issue an Islamic bond with a six year lifespan and a conventional bond offering of 10 years duration.
The country’s manufacturing and hospitality sector have seen immense growth
Waha Capital’s net profit in the three months to end-March rose to Dhs152 million($41.4 million).
Kingdom City in Jeddah will also include mixed-use residential and commercial developments, the chief executive said.
Mauser was put up for sale earlier this year, having been bought by DIC from JP Morgan’s buyout unit in 2007, in a deal which valued the firm at 850 million euros.
The company made a profit of OMR8.23 million ($21.4 million) in the three months to March 31.
The move is expected to make closing prices more predictable and eliminate large last-minute swings, the bourse said.
The Financial Times said this was an acceleration of the SFO’s probe into allegedly corrupt arrangements with Qatar as part of the bank’s emergency cash call in 2008.
The bank made a profit of Dhs512.1 million ($139.4 million) in the quarter, up from Dhs494.9 million a year earlier.
The developer’s profit rose to Dhs453.4 million ($123.4 million) in the first quarter from Dhs154.3 million in the same period of 2013.
Burgan made a net profit of KD17.1 million ($60.8 million) in the three months to the end of March.
The two firms’ owners aim to raise a combined $163 million through the sale of 35 per cent of each company.
Housing allowance currently stands at around 25 per cent of basic pay across most GCC countries.
The company’s gross profit rose almost 18 per cent to reach Dhs237.1 million in first quarter of 2014.
The launch of the two funds will follow MSCI’s upgrade of Qatar to emerging market status later this month.
Shuaa made a profit of Dhs8.2 million ($2.23 million) in the three months to March 31, according to a bourse statement.
Ahmed al-Musalmi, who has served as deputy chief executive officer for the bank since 2011, succeeds Salaam al-Shaksy.
The fund had revenue of Dhs91.2 billion ($24.8 billion) for the six months ending June 30, 2013, compared with Dhs77.3 billion in the same period in 2012.
The plan is to use bond market financing to take out a bridge loan signed in connection with the acquisition.
The new FOL would be 40 per cent and aims to improve the liquidity available to foreign investors.