Masraf Al Rayan announced that on the request of Qatari Diar Real Estate Investment Company, Qatar Central Bank has approved the appointment of Sheikh Faisal bin Saud Al Thani to represent Qatari Diar in Masraf Al Rayan’s board of directors, replacing and complementing the term of his predecessor Faisal Abdulwahid Ali Al Hamadi.

Both the Ministry of Economy and Commerce; and Qatar Financial Markets Authority were informed of the decision made by Qatari Diar.

Masraf Al Rayan’s board of directors said the board is delighted to welcome on-board Sheikh Faisal.

Sheikh Faisal holds a Bachelor’s degree in finance from California State University. Currently, he serves as a director of business development at Qatar Holding. He is also a board member at Qatar Electricity and Water Company QSC, and a board member at Mowasalat.