Qatar’s Masraf Al Rayan Sells RE Firm Stake To Government Fund
The Qatari lender said it agreed to sell its 50% stake in Seef Lusail Real Estate Development.
Masraf Al Rayan, Qatar’s largest Islamic bank by market value, said Sunday it had agreed to sell its 50% stake in Seef Lusail Real Estate Development Co to the RE (real estate) arm of the Gulf state’s sovereign wealth fund.
The bank, which did not disclose the sale price in its statement, had owned the company equally with Qatari Diar Infrastructure Company.
Under the agreement, it will divest a 49% stake to its joint venture partner, with the remaining 1% sold to Qatari Diar Real Estate Investment Company. Both are units of Qatari Diar, owned by the Qatar Investment Authority.
Latest posts by Paul Ebeling (see all)
- Wednesday’s Technical Analysis: Spot Gold - January 28, 2015
- Wednesday’s Technical Analysis: WTI Crude Oil - January 28, 2015
- Wednesday’s Technical Analysis: DJIA (.DJI) - January 28, 2015
- Wednesday’s Technical Analysis: US Coffee - January 28, 2015
- Forex Technical Analysis: EUR, JPY, CHF, GBP - January 28, 2015
Boeing Co (NYSE:BA) Boeing's results showed strong year-end performances across ... read more
Greece's new left-wing government will halt the privatisation of the ... read more
Wednesday's Technical Analysis: Spot Gold Spot Gold closed higher Tuesday. ... read more