Clifford Chance has advised Al Khaliji Commercial Bank on the signing of its merger agreement with Masraf Al Rayan.
The merger will create one of the Middle East’s largest Shariah-compliant banking groups with assets and shareholder equity worth more than 183 billion Qatari Riyals.
The merger is also expected to contribute positively to the economic development in the State of Qatar by supporting corporate businesses and small and medium sized entities as well by helping finance key development initiatives in line with Qatar’s Vision 2030.
The core Clifford Chance team on this transaction was led by Mohammed Al-Shukairy (Picture), with assistance from Counsel Jack Hardman, Senior Associate Zahra Shahab, Associate Sima Al Baterni and trainee Ahmed Shafiek.
Law Firms: Clifford Chance;
Clients: Al Khaliji Commercial Bank;