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Masraf Al Rayan releases reminder for unreceived dividends over 5 years

Doha:Masraf Al Rayan called yesterday on shareholders, Qatari nationals and residents, who did not receive their dividends for a period of five years,. ....

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HSBC Bank Oman to be dissolved as merger with Sohar International gets green light

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 ....

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Fitch places six GCC banks on rating watch negative

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 ....

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