Qatar's bourse suspends Masraf Al Rayan shares over disclosure

Islamic lender said on Sunday it had agreed to sell its 50 percent stake in Seef Lusail Real Estate Development Co

Qatar Exchange has suspended trading in the shares of Islamic bank Masraf Al Rayan until the lender discloses more information about the sale of its stake in a real estate company, the bourse said on Tuesday.

Masraf Al Rayan, whose shares dominate local trading turnover, said on Sunday it had agreed to sell its 50 percent stake in Seef Lusail Real Estate Development Co to the real estate arm of the Gulf state's sovereign wealth fund.

The lender did not disclose the sale price or other details. The bourse did not say what particular information it wanted the bank to provide.

Related:
Companies

Market Performance

Masraf Al Rayan
34.2
0.3 0.88 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Danger zone: what would the wider impact of a slowdown in China have on the Gulf?

Danger zone: what would the wider impact of a slowdown in China have on the Gulf?

Last week’s stock market crash in China sent shockwaves through...

2
Blood on the bourse floor

Blood on the bourse floor

Arabtec’s share price collapse was the catalyst for a huge sell...

Taking stock

Taking stock

Gulf stock markets have seen a dearth of IPOs since the global...

Most Discussed
sponsoredTracking