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Masraf Al Rayan launches high-end metal credit card

 30 May 2021 - 8:16 The Peninsula Doha: Masraf Al Rayan, the leading bank in Qatar and the region, in partnership with Visa has launched a feature packed high-end metal credit card exclusively for their Ultra High Net Worth Private Banking Customers. The uniquely designed “By-invitation only” Visa Ultra High Net Worth metal card is personalised and packaged with an extensive range of lifestyle privileges.  Adel Mustafawi, Group CEO of Masraf Al Rayan, said: “We are committed to providing outstanding services to our Ultra High Net Worth Private Banking Customers to meet their lifestyle and travel needs. The new world we live in makes it even more relevant that such services are easily accessible to our clients. The new metal product is also our way of thanking our ultra-high net worth customers for their continued patronage with Masraf Al Rayan.” 

Masraf Al Rayan gets shareholder s nod to raise sukuk size to $4bn

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. 

Masraf Al Rayan net profit reaches QR2 175bn in 2020

 20 Jan 2021 - 8:10 Chairman and Managing Director of Masraf Al Rayan, H E Ali bin Ahmed Al Kuwari The Peninsula Doha: Masraf Al Rayan has reported a net profit of QR2.175bn for the year ended December 31, 2020. The Board of Directors met yesterday and proposed to distribute a cash dividend of QR0.170 per share, equivalent to 17 percent of the paid-up capital. The proposed dividend is subject to approval by the Ordinary General Assembly, to be held on March 2, 2021, and Qatar Central Bank (QCB). Chairman and Managing Director of Masraf Al Rayan, H E Ali bin Ahmed Al Kuwari, said: “Year 2020 was exceptional by all standards; and we are happy to have successfully passed that stage. The previous year witnessed unprecedented events; the COVID-19 pandemic which hindered economic activity and the movement of individuals in general which affected global markets, in addition to the decline in energy prices to record numbers as a result of low demand, the caution in the markets and th

Euromoney Banking in the GCC: 2020 report

For the Gulf Cooperation Council (GCC), the outlook is stability, resilience and, in time, growth. Despite the pandemic and its deep economic impact, the $2 trillion core GCC banking sector will weather 2020-2021 intact and be poised to benefit significantly from acceleration in the economic diversification programmes implemented by the region’s governments. These programmes are authentic, and the coronavirus pandemic has given every country in the region very strong reasons to implement them more quickly than before. Within five years – almost certainly sooner – the GCC1 will have fewer, bigger, better banks and these banks will be more international, more digital and more customer focused.

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