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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.