Masraf Al Rayan completed the merger with with Al Khaliji in a $2.2bn deal.

Masraf Al Rayan, a Qatari public bank, completed the merger with Al Khaliji, a provider of banking and financial services, in a $2.2bn deal. “This is a landmark transaction that will contribute to the State of Qatar’s economic growth, vision and ambitions and is a testament to our commitment to creating a more robust Qatari banking system. The combined entity will create an even stronger institution that will aim to create value for our customers and shareholders,” H.E. Ali Bin Ahmed Al Kuwari, Al Rayan Chairman.