The five-year senior unsecured financing will replace the remaining $2 billion five-year tranche of an original $6 billion loan.
The value of the transaction is seen at around $460 million.
Veteran emerging markets investor Mark Mobius remains bullish on the Middle East region.
Government spending related to the World Cup will hit almost $115 billion between now and 2022, says new study.
Saudi Electric last tapped the international bond market in March 2012 with a $1.75 billion two-part Sukuk.
The central bank has previously backed off from enforcing regulations after complaints from the banks.
The forecast is lower than the Economic Development Board’s prediction last month of 6.2 per cent for 2013.
Last September the central bank announced it would develop its monetary policy framework enabling banks to borrow intra-day and overnight funds.
SWF assets grew eight per cent in 2012 to reach $5.2 trillion, says study.
The regulator is looking to implement previously issued rules and policies.
Arranging banks said order books totalled $14 billion, indicating massive demand for the deal.
Last month Egypt’s financial regulator approved an offer by Qatar National Bank for NSGB.
The emirate has signed an agreement for a petroleum storage facility in Malaysia’s Johor state.
The size and pricing of the sukuk will be decided during roadshows taking place over the next fortnight.
More than $34 billion worth of Islamic bonds have been issued through the London Stock Exchange.
John Phizackerley had previously said he planned to beef up staffing at the lender’s Dubai office.
France’s ex-President would take a non-executive role to help direct where to invest $650 million.
Qatar signed an MoU with Islamic Development Bank and the Dallah Albaraka Group last year to establish a new international Islamic bank.
Qatar has been a key source of foreign aid to Egypt since its 2011 revolution giving $5 billion.
The sukuk, maturing 2023, will have an amortising structure, with an average weighted life of five years.
Investors are starting to buy back into the emirate’s stocks following a recent slump.
UAE-based Abraaj Capital invests undisclosed sum in Anoud Games through its Palestine Growth Capital Fund.
The bank will use the proceeds to repay part of the Dhs12.6 billion it received from the government in 2008, say sources.
Based on Bahrain Islamic’s total outstanding shares, the value of the deal is about BD34.9 million.
The revised version cuts spending by more than $1 billion from an earlier draft budget.
The Gulf state’s central bank will offer local banks 3 billion riyals worth of bonds and 1 billion riyals worth of Shariah-compliant notes.
The meetings will start in Riyadh before going to Singapore, Hong Kong, the United Arab Emirates, Switzerland and London.
The fund has allocated $45 million for real estate projects and $42 million for tourism and hospitality schemes
Emirates has hired six banks to arrange a potential dollar-denominated, benchmark sukuk sale.
The gains came as investors poured money into blue-chip stocks on signs of an improving US economy.