AlRayan Bank QPSC 2024 Annual Report with Sustainability Disclosures
Company: AlRayan Bank QPSC
Sector: Finance & insurance
Country: Qatar
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 234
The report highlights AlRayan Bank's performance and strategic progress in 2024, marked by the launch of its three-year 'LEAD' strategy and a refreshed brand identity. Financially, the bank achieved a net profit of QAR 1,507 million, representing a 3.8% increase year-on-year, with total assets reaching QAR 171.1 billion. On the sustainability front, AlRayan Bank became the first Islamic bank in Qatar to join the Partnership for Carbon Accounting Financials (PCAF) and successfully completed the first Islamic ESG KPI-linked repo transaction. Additionally, the bank expanded its green and sustainable investment book by investing approximately USD 160 million in green and sustainable Sukuks.
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