30.01.2013 - Qatar targets Libyan bank acquisition
Masraf Al Rayan, Qatarís largest Islamic lender by market value, is seeking shareholdersí 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
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