Masraf Al Rayan, Qatar’s largest Islamic lender by market value, is seeking shareholders’ approval to buy a strategic stake in a Libyan commercial bank through a capital increase without naming the target entity in a released statement.
Masraf Al Rayan says it wants to finance the purchase of the stake through a capital increase and there are high potentials that it may issue an Islamic bond if the shareholders approve the move as the bank continues to expand regionally according to a brokerage note from QNB Financial Services………………………………………..Full Article: Source