| 29.03.2011 - Masraf Al Rayan board approves $1bln sukuk |
| Masraf Al Rayan shareholders yesterday approved a board suggestion to raise $1bn debt from international markets through Islamic medium term notes to part fund its expansion. This was approved at the bank’s annual general assembly, presided over by Hussain Ali al-Abdullah, its chairman and managing director. Shareholders also approved the financial result of 2010 which showed a net profit of QR1.21bn............................................Full Article: Source |