Masraf Al Rayan, al khaliji appoint Khalifa as GCEO of merged entity

Tribune News Network Doha Following the merger announcement on January 7, 2021, Masraf Al Rayan (Al Rayan) and Al Khalij Commercial Bank (al khaliji) have...

Tribune News NetworkDoha Following the merger announcement on January 7, 2021, Masraf Al Rayan (Al Rayan) and Al Khalij Commercial Bank (al khaliji) have announced the appointment of Fahad bin Abdalla Al Khalifa as the Group CEO of the merged bank from the date the shareholders of both banks approve the merger and the date of obtaining Qatar Central Bank final approval on the merger, subject to necessary approvals on the appointment.Following the merger, al khaliji’s business will be absorbed into Al Rayan’s business, and Al Rayan will be the remaining legal entity, which will continue to operate in accordance with Islamic Shari’ah principles.Khalifa is a senior banker with over 25 years of experience. He started his career in 1994 with Qatar Central Bank (QCB) before he moved to Qatar National Bank (QNB) Treasury group, where he consistently moved up the ranks to become the Group Treasurer and GM Group Corporate and Institution Banking. He joined al khaliji as GCEO in September 2014. Khalifa holds a BSc in Finance from Seattle University in the United States of America.