The Middle East’s
Top 100 Listed
Companies 2022
![](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2022/05/30174255/33-Al-khaliji-Commercial-Bank-Fahad-Al-Khalifa.jpg)
33. Masraf Al Rayan
Country: Qatar
Sector: Banks & financial services
Group CEO: Fahad Al Khalifa
Market Value: $14.7 billion
Sales: $1.4 billion
Profits: $474 million
Assets: $47.8 billion
Masraf Al Rayan is a Shariah-compliant bank with 15 branches in Qatar and two in the U.K. through its subsidiary, Al Rayan Bank PLC. In November 2021, Masraf Al Rayan announced the completion of a merger with Al Khalij Commercial Bank, creating one of the largest Shariah-compliant banks in the region with nearly $50 billion in total assets. Fahad Al Khalifa was appointed Group CEO after the merger.