Mashreq (bank)

Mashreq (Arabic: بنك المشرق Orient Bank) is the oldest privately owned bank in the United Arab Emirates and one of the oldest banking institutions in the Middle East.[4] Founded as the Bank of Oman in 1967, it now offers online banking and ecommerce. [5][6]

Mashreq
TypePublic
DFM: MASQ
IndustryFinancial services
Founded1967
HeadquartersDubai
Number of locations
16 Branches in Middle East 2022
13 International countries(2022)[1]
Key people
Abdulla Al Ghurair (Chairman)
Ahmed Abdelaal (CEO)
ServicesRetail banking
Asset management
Investment banking
RevenueIncrease AED 3.7 Billion (2022) [2]
Number of employees
5,400[3]
Websitemashreqbank.com

Present in major financial centers of the world,[4] Mashreq’s home and global HQ remains in the Middle East[4] Mashreq has 16 overseas offices in 13 countries, with corporate banking businesses in Bahrain, Qatar, Kuwait and India, as well as corporate and retail banking in Egypt and purely FI businesses in Bangladesh, Pakistan and Nepal. There are also full service branches in New York, London and Hong Kong.

Mashreq provides conventional and Islamic personal banking services[7] including deposits, loans and credit cards; conventional and Islamic investment banking services[8] including corporate finance and investment advisory on mergers and acquisitions, initial in public offering and underwriting; conventional and Islamic asset management services including wealth management.

Currently, more than 5,400 employees representing 65 nationalities, are employed by Mashreq, making it one of the largest employers in the UAE.

Product offerings include:

  • NeoBiz[9]
  • Digital IPO[10]
  • Blockchain with DIFC[11] and launched the Titan platform for comprehensive corporate banking offering.

See also

References
  1. "Equities". Dubai Finance Market.
  2. "Mashreq Bank on the Forbes Global 2000 List". Forbes.
  3. "Mashreq Bank PSC Profile". Zawya Ltd.
  4. "History".
  5. "Mashreq Bank launches Digital Banking - Neo". Gulf News.
  6. "Mashreq Bank launches business banking value added services". IBS Intelligence.
  7. "SHARIA-COMPLIANT INVESTMENT". City Wire Middle East.
  8. "Innovation, ESG to spur Islamic finance growth". Islamic finance growth.
  9. "Mashreq becomes first bank in UAE to launch digital banking proposition for SMEs". WAM.
  10. "Mashreq launches digital initiative to support Dubai's IPO push". Arabian Business.
  11. "Dubai's DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform". Gulf Business.
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