Doha – Mubasher: Masraf Al Rayan has decided to suspend the activities of its Al Rayan Financial Brokerage Company (ARB) and its license for two years, according to a bourse filing.

ARB is a fully owned unit of Masraf Al Rayan with a paid up capital of QAR 50 million, representing 0.06% of the Qatar-listed bank's total assets as of 30 September 2016.

The last date of trading through the company has been decided to be on Thursday, 12 January 2017.

All remaining stocks of clients will be transferred to their accounts at the Qatar Central Securities Depository (QCSD) before terminating activities as of Thursday, 23 February 2017.