Masraf Al Rayan and Al Khaliji Complete Legal Merger; Al Khaliji Delisted from QSE

Qatar-based Masraf Al Rayan (Masraf) has completed the legal merger of Al Khalij Commercial Bank (Al Khaliji) effective 30th of November 2021. The two banks are now considered one legal entity headquartered in Lusail City, Qatar, under the name Masraf Al Rayan. Following the merger, Al Khaliji stands delisted from the Qatar Stock Exchange (QSE).

Why it Matters?

The completion of the legal merger has created one of the largest Shariah-compliant lenders in the region with over QAR 182 billion (USD 50 billion) in total assets. The merger will enable growth for corporates facilitating deals, as well as foster development and lending of small and medium enterprise, among others. According to Sheikh Mohammed bin Hamad bin Qassim Al-Abdullah Al-Thani, Chairm...