Doha - Mubasher: Qatar National Bank (QNB) Financial Services has maintained the price target (PT) for Masraf Al Rayan at QAR 34 per share, but has lowered their recommendation on the stock, according to a recent report.
The risks facing Masraf Al Rayan are the volatility in oil prices, which remains the biggest risk for regional equities, as well as the Increase in credit costs and losing market share in the government segment.
The bank is currently in the due diligence process of merging with two unlisted banks, Barwa Bank and International Bank of Qatar (IBQ).
When the merger goes through, the new bank will be the second largest bank in Qatar, the report noted.
