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Sheikh Mohammed appointed chairman of Masraf Al Rayan

Tribune News Network
Doha
In accordance with Chapter 4, Article (19) of the amended Articles of Association of Masraf Al Rayan, Sheikh Mohammed bin Hamad bin Qassim Al Abdulla Al Thani has been appointed a member of the board representing Qatar Investment Authority in place of His Excellency Ali bin Ahmed Al Kuwari.
The board of directors of Masraf Al Rayan elected Sheikh Mohammed bin Hamad bin Qassim Al Abdulla Al Thani as chairman of the board directors in accordance with Chapter 4, Article (22) of the amended articles of association of Masraf Al Rayan.
Meanwhile Qatar Stock Exchange (QSE), in cooperation with Qatar Central Securities Depository Company, on Monday announces their intention to take the necessary measures to implement the capital increase of Masraf Al Rayan resulting from the merger process through the merger between Masraf Al Rayan and Al Khaleej Commercial Bank.
The execution will take place after the end of the trading session on November 30. The capital of Masraf Al Rayan after the increase will be QR9.3 billion distributed over 9.3 billion ordinary shares. The shares of Masraf Al Rayan will be tradable with the new capital as of Wednesday.

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