Doha, 18 October 2009: Masraf Al Rayan announced its Q3 financial results for the period ending 30 September 2009 with a net profit of QAR601 mn gained mainly from core banking activities. MAR announced that the financing activities realized solid growth of 118% compared to last year. The total operating income increased by 14.6% compared to the same period ending 30 September 2008.
Doha, August16 2009: Moody’s Investors Services awarded Masraf Al Rayan (MAR) the rating of A3 long-term and Prime-2 short-term ratings for local and foreign currency issuers. Simultaneously the agency affirmed Al Rayan’s general outlook is stable. MAR is the first Shari’ah compliant bank in the State of Qatar to receive Moody’s ratings.
Doha, 20 July 2009: Masraf Al Rayan announced its financial results for the first half of 2009, during which the net profit has reached QAR 386mn, a growth of 54.5% compared to the same period 2008.
Doha, 23 June 2009: Masraf Al Rayan has announced the opening of its 5th branch, located in the female building at Qatar University. Opened on June 7, the new branch offers female university students and employees a complete range of Masraf Al Rayan banking services to meet the needs of Masraf Al Rayan customers at the University.
Doha, 24 June 2009: Dr. Hussain Al Abdulla, Chairman and Managing Director of Masraf Al Rayan announced that the Board of Directors had received a letter from General Retirement and Pension Authority requesting the appointment of Mr. Turki Mohamed Al-Khater, the new General Manager as a Board Member of Masraf Al Rayan.