Qatar buys shares in Al Rayan for $52.5 mln

Posted on 01/29/2010

According to Maktoob, “The Qatar Investment Authority, or QIA, has acquired shares in Al Rayan Bank last year for 191 million Qatari riyals ($52.5 million), Doha-based Al Arab daily reports Thursday citing the bank’s financial statements. This is part of Qatar’s sovereign wealth fund’s plan to acquire 10% of the country’s largest shariah-compliant bank, the […]

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