Doha: Masraf Al Rayan, a leading bank in Qatar, is participating in the second edition of the Qatar International Boat Show (QIBS) to be held on November 11-15 at Mourjan Marinas in Lusail City under the patronage of the Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani.
The bank takes great pride in supporting local activities that resonate with its values, continuously looking for opportunities to harness resources for the good of local and regional development, and to establish partnerships with organisations and events to highlight the best of Qatar to the world.
The show is expected to attract about 75 boats and a large number of international exhibitors representing top names in the maritime industry, together with repeat exhibitors.
Mohammed I Al Emadi, Unit Head, Government and Semi Government Institutions, at the bank, said: “As part of our long- term strategy, we continuously look for business opportunities to allocate our resources to generate and add value to our shareholders and customers.
“The bank will launch unique boat and yacht financing products in line with the Shariah, at competitive rates to meet the needs of buyers — salaried or businesses — with competitive profit rates and much more,” he added.
Through creating a new partnership with the organiser of the show — Snow Conceptual Communications & Events — which has been admitted as the first candidate member of International Federation of Boat Show Organizers, the bank will set out a new business outlook to support an industry that is gaining momentum in Qatar and the region, as part of the industry’s new trend to look into new markets in Asia and the Middle East due to positive economic development and growth.
Faysal Mikati, Vice-President, Snow Conceptual Communications, said “The support of Masraf Al Rayan as the ‘Official Bank Sponsor’ has strengthened our list of sponsors and the sense of local credibility to this international event. The bank’s boats and yachts financing products are projected to add value by increasing sales at the event this year.”
The Peninsula
