Masraf to Provide $550 Million Facilities to Meera
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Masraf Al Rayan, Qatar’s second-largest Shariah-compliant lender, said it agreed to provide credit facilities valued at 2 billion riyals ($550 million) to Al Meera Consumer Goods Co.
The facility is to finance expansion plans by the Qatari retailer, which is increasing the number of stores it operates and is moving into direct imports, the bank said in a statement to the Qatari bourse today.