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Masraf Al Rayan to sell stake to QIA
- Qatar: Tuesday, November 18 - 2008 at 10:34
Masraf Al Rayan, Qatar's second-largest Islamic bank, plans to raise capital by selling a 20% stake to the Qatar Investment Authority, Bloomberg has reported. The bank will seek approval from shareholders and market regulators for the capital increase and for a cash dividend of 0.825 riyals (23 cents) for this year.
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Jeff Florian, Senior ReporterTuesday, November 18 - 2008 at 10:34 UAE local time (GMT+4)
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