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Qatar’s Masraf Al Rayan is seeking permission from its shareholders to buy a stake in a Libyan commercial bank, the Islamic lender said in a statement. Rayan says plans to finance the acquisition through a capital increase, Reuters said.
On Sunday, Masraf Al Rayan, Qatar’s fourth-largest bank by market value, posted a 16.3 percent increase in full-year net profit………………………………………..Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Investment more
Qatar’s Masraf al Rayan targets Libyan bank stake
| Posted on 29 January 2013 |
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