Masraf Al Rayan
Top 100 Companies in the Middle East 2021

SR.No: 26

Masraf Al Rayan (MAR)

Sector: Banks & Financial Services

Date of Establishment: 2006
Country: Qatar
Group CEO: Adel Mustafawi

Sales: $1.4 billion

Profits: $599 million

Assets: $33.3 billion

Market Value: $9.2 billion

MAR is a Shariah-compliant bank with 17 branches in Qatar and five in the U.K. through its subsidiary, Al Rayan Bank PLC. The Qatar Investment Authority and Qatar Armed Forces Investment Portfolio are the largest shareholders in the company. MAR entered into a merger agreement with Al Khalij Commercial Bank to form an entity with combined assets worth around $47 billion as of the end of September 2020. Adel Mustafawi has been its Group CEO since 2006.