Faisal Abdulwahid Ali al-Hammadi

100 Pages·2013·2.54 MB·English

achieving success
by balancing individual skills and
organisational objectives
Annual Report 2011

Honor is the reward
for what we give,
not what we receive.

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Contents
Message from the Chairman and Managing Director 8
Message from the GCEO 10
Corporate Governance
Leadership in Masraf Al Rayan
• Board of Directors 13
• Senior Management 14
• Shari’a Supervisory Board 14
• Organizational Chart 15
Corporate Governance Report 16
Business Review
Vision, Mission & Strategy 33
Shareholder’s Information 34
Branch and ATM Network 35
Retail Banking 36
Wholesale Banking Group 37
Human Resources 38
Qatarization 38
Ratings and Awards 39
Subsidiary
Al Rayan Investment 40
Shari’a Supervisory Board Report 42
Financial Overview
Financial Highlights 45
Independent Auditors’ Report 46
Consolidated Statement of Financial Position 47
Consolidated Income Statement 48
Consolidated Statement of Cash Flows 49
Consolidated Statement of Changes in Equity 50
Notes to the Consolidated Financial Statements 51

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His Highness
Sheikh Hamad Bin Khalifa Al Thani
Emir of the State of Qatar

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His Highness
Sheikh Tamim Bin Hamad Bin Khalifa Al Thani
Heir Apparent of the State of Qatar
Message from the
Chairman & Managing Director
On behalf of the members of the Board of Directors of Masraf Al Rayan I am pleased to present
the Board of Directors’ Report on the financial year ending on 31.12.2011, in which a new Board
of Directors was elected to serve for the term 2011– 2013. The new Board of Directors assumed
its responsibilities on 28.3.2011, starting its first year by following up on the achievements made
during the past five years.
During 2011 Masraf Al Rayan achieved
remarkable results, including a net profit
of QR 1,408 million, which grew by 16.3%
over 2010.