The Bahrain bank would still have seen Q1 profit of 12.2 per cent without selling its 29.4 per cent stake in Qatar Foundation.
The investment unit of the Dubai lender plans to raise between $75 million and $100 million for the fund.
The company’s first-quarter profit was likely to be about Dhs190 million, said CEO Khalid bin Kalban.
Record market highs fail to secure emerging market status for GCC economies, leaving regional equity markets inconclusive.
The bank posted net profit of Dhs1.41 billion ($384 million) in the first three months of 2013.
Dubai-based Michael Helou headed up Barclays Capital in the region, the lender’s investment banking arm.
The estimated figure is slightly higher than the $34 billion of total dollar issuance in 2012.
Dubai’s index rose 1.4 per cent to 1,986 points, its highest level since December 2009.
Pudner is expected to stay as CEO until his contract expires at the end of this year.
The firm posted a net profit of SAR1.55 billion, attributing the profit drop to charges relating to an Indian affiliate.
The firm made a net profit of 110.1 million riyals ($29.4 million) during the three months ended March 31, compared with 100.8 million riyals in the same period a year earlier.
The loan is a mix of Islamic and conventional financing managed by lenders including Abu Dhabi Islamic Bank and Dubai Islamic Bank.
Pudner has been at the helm of Dubai’s biggest bank since 2006 after 24 years at HSBC.
The Abu Dhabi lender is refinancing the renovation of the Parisian five-star hotel that is scheduled to re-open in May 2013.
The UAE telecoms operator has already secured the backing of 12 banks and up to four more could join.
National Bank of Kuwait made KD81.3 million of net profit in the three months of 2013.
The lender made a OMR15 million one-off provision after some of its prepaid travel cards were hit by fraud.
The lender will raise the amount through two share sales including an IPO on the Doha bourse, its CEO said.
Real estate is currently the preferred asset class for investors in the UAE, finds new survey.
Alizz Islamic Bank is the second full-fledged Islamic bank in the sultanate.
ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.
Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.
Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.
The stake will be split between domestic, qualified and foreign institutional and individual investors.
The bank made Dhs301.7 million ($82.2 million) in the three months to March 31.
National Commercial Bank’s net profit was boosted by higher special commission and fee income.
The kingdom’s fifth-largest bank by market cap said it made $182.4 million in the three months ending March 31.
The Dubai-based property developer’s loan has been extended until August 20, 2017.
The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.
The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.