The loan is the largest funding transaction in the history of Mashreq; It’s also the bank’s first syndicated loan in 11 years
Mashreq Bank
Latest in Mashreq Bank
bank account
Mashreq launches new saver account offering 6.25% interest and $1,360 cashback
Mashreq launches digital savings account with significant returns
AB Majlis
AB Majlis podcast: Do we really need AI in banking? Mashreq’s head of tech weighs in
Mashreq’s Group Head of Technology, Transformation & Information, Mohamed Abdel Razek, outlines plans for 70-80 AI use cases while acknowledging trust remains paramount in financial service
banking industry
Ahmed Abdelaal: How Mashreq’s CEO is redefining digital banking in the Middle East
Ahmed Abdelaal, Group CEO of Mashreq, on humanising digital transformation, building a bank that listens, and reshaping the role of financial institutions in a changing world
banking industry
Mastercard, Mashreq partner to launch digital bank in Pakistan, boosting financial inclusion
New partnership aims to drive financial inclusion, innovation, and sustainable growth in Pakistan’s digital economy
Mashreq Bank
Mashreq delivers $2.45bn net profit in 2024
The bank reported a 24% jump in its revenue in 2024 to AED 13.4 billion
Brand View
Mashreq’s entry into Oman: A legacy reunited, driven by shared values and a shared future
Mashreq’s entry into Oman comes amid growing demand for financial solutions aligned with regional and global market trends
digital payments
Mashreq finalises $385mn sale of majority stake in NEOPAY
The UAE company retains a significant minority stake in the business after the sale to Arcapita Group and DgPays
Brand View
Mashreq’s digital journey: Leading the mobile banking revolution in the Middle East
Leveraging its strong digital presence in the UAE, Mashreq is now scaling its retail digital offerings to global markets
Landmark Group
Mashreq, Landmark Retail sign Qatar’s first private sustainability-linked loan
The partnership will contribute to Mashreq’s commitment to facilitate $30 billion of sustainable finance by 2030
Arcapita Group Holdings
Mashreq sells majority stake in NEOPAY for $385 million
Consortium of Arcapita and Dgpays acquires the stake in UAE’s fast-growing payment solutions provider
Al Marjan Island
Dubai Metro station renamed; 3 schools closed; 100 inspiring leaders; Real estate trends explained; Oman jobs update – 10 things you missed this week
Dubai school closure, Metro rebranding, inspirational business leaders, real estate analysis and more top news stories this week
Dubai Metro
Major Dubai Metro station renamed for next 10 years
Dubai’s Mashreq Metro Station will be renamed to InsuranceMarket.ae after 10-year deal announced
Mashreq Bank
Mashreq looks to global expansion with Oracle support
Mashreq extends relationship with Oracle Financial Services
ESG
Mashreq partners with UAE fintech Fils to launch carbon offsetting services for corporate clients
The agreement represents the first step in Mashreq’s development of specialised carbon-offsetting financial products
Ahmed Abdelaal
Mashreq takes centre stage in ESG commitments with Climb2Change initiative
Designed as a global initiative, combining Mashreq’s ESG and sustainable financing expertise with the bank’s extensive initiatives and impactful contributions to shaping a sustainable future and will promote recycling, waste reduction, and environmental conservation efforts along with high-profile mountain clean-ups
financial results
UAE banking major Mashreq reports record-breaking 122% jump in net profit in 9 months of 2023
It also reported a 73% increase in its operating profit during the period to AED5.6 billion from AED3.2 billion in 9 months of 2022
