PwC in Qatar yesterday launched its full-year 2020 Qatar Banking Sector Report, which highlights the resilience displayed by Qatari banks despite volatility caused by the pandemic and drop in oil prices in the region.
Al Khaliji bankhad donated to the Qatar Society for Rehabilitation of Special Needs.
The donation was represented by Talib Afifa, a member of the Board of Directors, falling within the bank’s CSR program and longstanding commitment to persons of special needs.
The Qatar Society for Rehabilitation of Special Needs is a non-profit organization that aims at the social, mental, academic, and healthy rehabilitation of people with special needs that is commensurate with the Islamic principles, traditions, customs, and peculiarities of the Qatari society.
Moreover, it provides an equal manner of care to all residents of the State of Qatar irrespective of one’s financial level.
Masraf Al Rayan gets shareholder’s nod to raise sukuk size to $4bn
02 Mar 2021 - 8:56
Officials during an Ordinary General Assembly of Masraf Al Rayan.
The Peninsula
Doha: The Ordinary General Assembly of Masraf Al Rayan has approved distribution cash dividend of QR0.170 per share, representing 17 percent of the paid-up capital for the fiscal year ended on December 31, 2020. The General Assembly agreed to increase the size of Masraf Al Rayan Sukuk issuance program from its current size of $2bn to a maximum size of $4bn.
Masraf Al Rayan held yesterday its Ordinary General Assembly meeting virtually which was presided over by Chairman & Managing Director of Masraf Al Rayan, H E Ali bin Ahmed Al Kuwari.
(MENAFN - Gulf Times) Domestic institutions and foreign individuals were increasingly net buyers on the Qatar Stock Exchange, which closed in the positive trajectory, albeit at lower levels.
The telecom and consumer goods and services counters witnessed higher-than-average demand as the 20-stock Qatar Index settled mere 0.03% higher at 10,459.94 points, having recovered from an intraday low of 10,418 points.
Gulf institutions were seen bullish on the bourse, whose year-to-date gains were at 0.23%.
Foreign funds continued to be net sellers, but with lesser intensity on the market, whose capitalisation saw QR59mn or 0.1% decrease to QR602.99bn, mainly owing to microcap segments.
The Islamic index was seen gaining faster than the main barometer on the bourse, which saw Arab individuals increasingly into net profit booking.
Post-pandemic, mergers and acquisitions (M&A) transactions are expected to pick up speed in the region including Qatar, as businesses focus more on efficiency and cost optimisation amid growing competition in the markets.