Qatar Power List-40
Posted inUncategorized Arabian Business Qatar Power List 2012

Adel Mustafawi

Company: Masraf Al Rayan

Designation: Chief executive officer

Mustafawi heads up Qatar’s fourth-biggest lender by market
value, which has seen stocks soar recently. He was also voted the Gulf’s
seventh most efficient CEO in a survey by Arabian Business last year. And what
a year last year turned out to be. In 2011, the Islamic lender posted a net
profit of $384m – a 16 percent increase year-on-year. Assets rose by a whopping
59 percent, while customer deposits increased by 71 percent. Mustafawi will be
hoping to continue the good work in 2012.

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