In accordance with Chapter 4, Article (19) of the amended Articles of Association of Masraf Al Rayan, HE Sheikh Mohamed bin Hamad bin Qassim al-Abdullah al-Thani has been appointed a member of the board representing the Qatar Investment Authority in place of HE Ali bin Ahmed al-Kuwari.
Masraf Al Rayan registered a net profit of QR1.71bn for the nine month period that ended in September, a growth of 3.1% compared to the same period last year.
Al Khalij Commercial Bank (Al Khaliji) shareholders have approved the bank’s merger plan with Masraf Al Rayan at their extraordinary general meeting Wednesday
Al Khaliji, which expects to merge with Masraf Al Rayan this year, finds a great deal of potential for its customers and value for shareholders as the combined entity will firmly position as a top-tier local financial institution, according to its top official.
Masraf Al Rayan’s $750mn sukuk issuance generated overwhelming demand from global investors and was oversubscribed 4.4 times, the bank said on Saturday.
Masraf Al Rayan has witnessed more than four times oversubscription of its $750mn five-year sukuk, indicating international investors' confidence in it, as well as in Doha's strong macroeconomic framework.
The proposed merger between Masraf Al Rayan and Al Khaliji will not only support profitability but also enlarge Islamic franchise and market share as well as give the required scale to support the retail banking ...
Masraf Al Rayan has posted a net profit of QR2.17bn during the year that ended on December 31, 2019, a growth of 2.3% from the previous year.
Masraf Al Rayan has announced the inauguration of its new branch in Al Khor as part of the bank’s expansion strategy to meet the demands of its growing customer base.
Masraf Al Rayan has posted a half yearly net profit of QR1.07bn, up 1.15% on H1, 2018. The bank's assets portfolio continued to exhibit a strong performance at both local and regional levels,
Masraf Al Rayan shareholders have approved the board of directors’ proposal to distribute 20% cash dividend, which translates into QR2 per share.