Masraf Al Rayan official receiving the appreciation award at the event.
Masraf Al Rayan, a leading bank in Qatar and the region – has been awarded, for the second time, a certificate of thanks and appreciation from the GCC Council of Ministers of Labour at an event held in the Saudi capital Riyadh.
The event was held as part of honouring the outstanding private sector companies during the 33rd session of the GCC Council meeting.
Masraf Al Rayan received the appreciation in recognition of its outstanding efforts in achieving high employment rates in the provision of job opportunities for GCC citizens and localization of job opportunities at the regional level. Qatar’s delegate to the 33rd session of the Council of Ministers of labour and Social Affairs in the Gulf Cooperation Council (GCC) was headed by H E Dr Issa Saad Al Jafali Al Nuaimi, Minister of Administrative Development, Labour and Social Affairs.
Nasser Raeissi – AGM Human Resources and Administration, attended the celebration on behalf of Masraf Al Rayan. Masraf Al Rayan was selected for its outstanding and ongoing efforts to promote, support and encourage local talents and the introduction of programs to increase employment opportunities for the national workforce in the banking sector.
Raeissi stressed the keenness of the Bank's Board and senior management and their utmost attention to the area of professional development, where long term strategic plans in particular recruitment, training and development of national workforce in cooperation with the Ministry of Labor and other relevant agencies.
Masraf Al Rayan has announced recently a net profit totaled QR1.56bn during the first nine months of 2016, compared to QR1.51bn recorded during the same period in 2015.
Also in August 2016, Moody's Investors Service, upgraded Masraf Al Rayan's long term issuer ratings to A1 from A2 and Counterparty Risk (CR) Assessment to Aa3(cr) from A1(cr).
