Al Rayan Bank: Purchase of Minority Shares in Uk Subsidiary "al Rayan Bank Plc" Called Off

Masraf Al Rayan QPSC (“Al Rayan Bank”) announces that the purchase of the stake of Minority Shareholders of 1.66% of the share capital of its UK subsidiary, Al Rayan Bank Plc (formerly Islamic Bank of Britain) (“the Transaction”) is called off as the Transaction did not obtain the required percentage of minority shareholders’ votes to pass the sale decision.