The lender has mandated HSBC, Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows.
The lender grew its total number of assets by five per cent while its shareholders’ equity dropped by two per cent.
The Qatari lender hopes to increase capital by up to $1.6 billion in 2013.
Their combined budget surplus could turn into a deficit by 2017, the International Monetary Fund has warned.
Lenders need to put customers at the centre of what they do, writes Steve Bertamini, CEO of Consumer Banking at Standard Chartered.
The lender made a net profit of OMR10.57 million in the first nine months of the year.
The mortgage lender saw profits drop on higher provisions and funding costs.
The Saudi billionaire says ex-Citi CEO Vikram Pandit did a “pretty good job.”
The Dubai-based lender saw third quarter net profit rising to Dhs640 million on lower provisioning.
The Omani lender has missed market expectations as it posts a third-quarter profit drop compared to last year.
The lender made a profit of Dhs328.5 million during the third quarter of the year.
The Dubai Mercantile Exchange plans to shift its focus away from national oil companies, said its new CEO.
The Saudi lender said that third-quarter net profit dropped 3.5 per cent from last year to SAR1.87 billion.
Overspending and a lack of financial planning spell an insecure future for UAE residents.
Samba, the Kingdom’s second-largest listed lender by market value, made SAR1.16 billion in the third quarter of the year.
The Saudi lender posted a profit of SAR 656 million for the three months ended 30 September 2012.
The Kingdom’s eighth-largest lender said that it made SAR317 million in the third quarter of the year.
Global firms and large regional names are losing their top talent to Qatari lenders who offer better pay and stability.
BNP Paribas arranged the deal, which will settle on October 16.
Both Saudi Arabian lenders have seen their operating income rise for the third quarter.
The UAE’s federal budget deficit reportedly rose to Dhs2.8 billion in January-June, above the government’s original forecast.
The central bank introduced caps for loans made to local governments and their entities in April this year.
NBAD is looking to reap 10 per cent of its operating income from Islamic banking by 2020, up from three per cent currently.
Kingdom Holding sold the plot in Riyadh for $66.6 million.
Qatar’s indicator for sector performance in the region reports a 15 per cent rise in net profit for first nine months of the year.
The proceeds will be used to refinance existing debts, said sources.
The IMF said its base scenario envisaged a fiscal deficit of 0.6 per cent of GDP by 2016.
UK-based Barclays quit the panel in July.
The move is expected to boost Kuwait’s banking sector.
The investment bank’s shares are down 93 per cent from a 2008 peak.