Masraf Al Rayan’s Profits Rise by 4.1 Percent

Doha: Masraf Al Rayan (a Qatari public shareholding company) net profits increased by 4.1 percent in the first 9 months of 2024 to reach QR 1.288 billion, compared to QR 1.237 billion in the same period of 2023. Data issued by the bank and posted on the Qatar Stock Exchange (QSE) website on Monday showed an increase in earnings per share to reach QR 0.139 in the period ending on September 30, 2024, compared to earnings per share of QR 0.133 for the same period of 2023. In a statement, HE Chairman of the Board of Directors of Masraf Al Rayan Sheikh Mohammed bin Hamad bin Qassim Al-Thani stressed that the bank continues to deliver strong performance through banking activities inside and outside Qatar, by implementing a new medium-term strategy aimed at improving banking services. He noted that total income (before financing expenses) increased by 19 percent compared to the third quarter of 2023. Source: Qatar News Agency