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FINANCIAL NEWS
Qatar’s Al Rayan puts on hold stake buy in Libya
24 Sep 2014
(MENAFN) Qatari Al Rayan announced it has decided to put on hold all the steps regarding the stake acquisition of a bank in Libya, The Peninsula Qatar said.
The bank said it suspended all arrangements regarding this acquisition until positive indications of making investments in Libya are evident.
In January 2013, Al Rayan, which is the second-largest Shariah-compliant lender by assets in the country, said it was looking to buy a strategic stake in a Libyan commercial bank though it did not specify which one.
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