04-11-2024
Masraf Al Rayan QPSC (“MAR”) announces its intention to purchase the stake of Minority Shareholders of 1.66% of the share capital of its UK subsidiary, Al Rayan Bank Plc (formerly Islamic Bank of Britain) (hereinafter referred to as “ARB”), an entity incorporated and registered under the laws of England and licensed by United Kingdom regulatory authorities, subject to Minority Shareholders’ approval (“the Transaction”).