"This deal is a manifestation of the strong relationship Masraf Al Rayan is developing with Barwa Real Estate to help implement Barwa's expansion plans in Qatar and abroad", Mr Adel Mustafawi, CEO of Masraf Al Rayan said, commenting on the deal. "This particular deal will enable Barwa to acquire the Convention Hall in Paris", he added.
Masraf Al Rayan has previously announced a number of financing deals with Barwa Real Estate.
In an optimistic note, Mr. Mustafawi stressed that having accomplished most of its internal organization structure, Masraf Al Rayan's business is set to witness substantial growth in the coming months. Masraf Al Rayan is focusing on building strategic relations with a number of corporations, contributing to the comprehensive development that the State of Qatar is witnessing.
Mr. Mustafawi expressed satisfaction with Masraf Al Rayan's results and performance at all level, considering their results as a positive indication of the bank's success in achieving its set goals.
Browse
related articles
Masraf Al Rayan in 1.9 billion QR deal with Barwa
- Qatar: Thursday, May 24 - 2007 at 17:02
- PRESS RELEASE
Related content
Confirming its pivotal role in the Qatari finance industry, Masraf Al Rayan has announced the signing of a 394 million euro (1.929 billion QR) Mudharaba contract with Barwa Real Estate.
Mr.Ghanim Bin Saad Al Saad (Chairman, Barwa) and Dr Adel Mustafawi (CEO Masraf Al Rayan).
Article Options
Log in to request more information from Masraf Al Rayan
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, May 24 - 2007 at 17:02 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Tue Jul 17 2007.
Notes and Media Contacts »
Masraf Al Rayan is the region's only fully fledged commercial and investment bank with an entirely Shari'ah compliant portfolio of products.
Launched in October 2006 with a paid up capital of 1 billion USD and over 600,000 shareholders from across the GCC, Masraf Al Rayan was created to offer the highest standards of service along with innovative banking products in an exclusively Shari'ah compliant environment.
For further information please contact:
Steve Whittaker at GCI Qatar
Tel: +974 428 3126
Mob: +974 584 3630
Launched in October 2006 with a paid up capital of 1 billion USD and over 600,000 shareholders from across the GCC, Masraf Al Rayan was created to offer the highest standards of service along with innovative banking products in an exclusively Shari'ah compliant environment.
For further information please contact:
Steve Whittaker at GCI Qatar
Tel: +974 428 3126
Mob: +974 584 3630
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
