Scully Royalty Ltd. operates as a merchant banking company worldwide. The company operates through Iron Ore Royalty, Industrial Equity, and Merkanti Holding segments. The Iron Ore Royalty segment includes interest in a Scully iron ore mine. The Industrial Equity segment consists of various projects in resources and services, including hydrocarbon production and processing assets in Canada, as well as a mining sub-lease of the lands upon which the Scully iron ore mine is situated in Newfoundland and Labrador, Canada. The Merkanti Holding segment regulates trade finance and merchant banking businesses. The company engages in manufacturing, natural resources and medical supplies and services. The company was formerly known as MFC Bancorp Ltd. and changed its name to Scully Royalty Ltd. in June 2019. Scully Royalty Ltd. was incorporated in 2017 and is based in Central, Hong Kong.