30.03.2011 - Qatar’s Masraf Al Rayan to issue up to $1 bln Sukuk in fourth quarter

Masraf Al Rayan (MARK), Qatar’s second- biggest Islamic lender, plans to sell Islamic bonds worth as much as $1 billion in the fourth quarter after its board received shareholder approval, Chairman Hussain Ali Al-Abdalla said. The company is also seeking to buy a stake in a Saudi bank, he told the general meeting of shareholders late yesterday in Doha, without naming the lender...........................................Full Article: Source

Print