Doha:Masraf Al Rayan called yesterday on shareholders, Qatari nationals and residents, who did not receive their dividends for a period of five years,.
Riyadh: A binding merger agreement between HSBC Bank Oman and Sohar International has been approved, the Muscat-based lenders disclosed in separate announcements on Wednesday. In regulatory announcements released to the Muscat Stock Exchange, the firms said following the agreement all assets and liabilities of HSBC Oman will be transferred to Sohar International in a
CAIRO: Excessive reliance on external funding in the Qatari banking sector has prompted Fitch Ratings to place six Qatari banks on Rating Watch Negative. This means that the ratings agency has a negative outlook for the banks and might decrease their current credit ratings in the near future. The six banks are Qatar International Islamic Bank, Dukhan Bank, Doha Bank, Al