The Middle East's

Top 100 Listed
Companies 2022

33. Masraf Al Rayan

Country: Qatar

Sector: Banks & financial services

Group CEO: Fahad Al Khalifa

Market Value: $14.7 billion

Sales: $1.4 billion

Profits: $474 million

Assets: $47.8 billion

Masraf Al Rayan is a Shariah-compliant bank with 15 branches in Qatar and two in the U.K. through its subsidiary, Al Rayan Bank PLC. In November 2021, Masraf Al Rayan announced the completion of a merger with Al Khalij Commercial Bank, creating one of the largest Shariah-compliant banks in the region with nearly $50 billion in total assets. Fahad Al Khalifa was appointed Group CEO after the merger.