Saturday 12 July 2014

Masraf Q3 profit jumps 43pc

Masraf Al Rayan, Qatar's fourth-biggest lender by market value, saw net profit jump 43 per cent in the third quarter, driven by a rise in its customer base as the lender expands its branch network. Third-quarter net profit rose to QR30


Masraf Al Rayan Q2 profit jumps

Qatari lender Masraf Al Rayan on Monday reported an almost five-fold rise in second-quarter net profit, boosted by a strong increase in financing activities and income from commissions and fees. The three-year old Islamic bank in a stateme


Masraf eyes $1bn in telco, property acquisitions

Qatari Islamic lender Masraf Al-Rayan said on Tuesday it plans to invest up to $1 billion this year buying stakes in companies and investing in funds in sectors from telecommunications to real estate. Masraf expects to complete up to five


Masraf takes stake in consumer finance firm

Masraf Al Rayan will take a major stake in Kirnaf Instalment Company, a new Saudi consumer finance company established by a consortium of businessmen. The consortium is led by Sheikh Abdulla Al Romaizan. Other major investors include Al Ab


ARBIFT becomes Al Masraf

Al Masraf, the new brand name for Arab Bank for Investment & Foreign Trade was formally unveiled recently to replace the 33-year-old ARBIFT. The move represents a significant milestone in the bank’s history and further signifies its le


Masraf and Diar close $100m Lusail Fund

Masraf Al Rayan and Qatari Diar have successfully closed a $100 million Lusail Waterfront Fund. Masraf Al Rayan established the Lusail Waterfront Investment Company in the Cayman Islands to enable Qatari and other GCC investors to partici

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