Mashreq's 1H 2024 Net Profit Ascends by 14% Year-on-Year to AED 4.0 Billion, building on strong business performance and positive outlook, underpinned by robust customer activity and stable macroeconomic environment. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq: "Our results for the second quarter keep us on track to deliver strong performance in 2024. We are determined to push forward with our strategic priorities and further improve customer experience, operational performance and risk controls. We are proud of our achievements and remain committed to our strategic vision of innovation, customer-centric solutions. Our ambition remains unchanged – to be the preferred financial partner for customers success journeys.” Ahmed Abdelaal, Group Chief Executive Officer: "In the first half of the year, we continued to deliver on our strategic ambitions, improving profitability and reporting a strong return on equity, driven by strong commercial momentum, robust customer activity, excellent credit quality, and focused cost management. Our results demonstrate that, despite the challenging global environment, we are making excellent progress on our strategic priorities and achieving industry-leading financial performance. This progress was primarily driven by sustained, strong net interest income, while our high customer activity across the business led to a significant uplift in non-interest income, resulting in a second-quarter return on equity of 27.6%.” For the full report, visit: http://ms.spr.ly/6045lXqO1 #Mashreq #H1FinancialResults2024 #FinancialMilestone #BankingExcellence #Innovation #SuccessStory
Mashreq Corporate & Investment Banking Group
Banking
Dubai, United Arab Emirates 69,042 followers
We are Mashreq - Inspiring you to Rise Every Day
About us
Corporate and Investment Banking Group At Mashreq, our aim is to innovate and distinguish our relationship banking approach, leveraging our long-standing heritage in Corporate & Investment Banking. Our strategic focus is to offer a best-in-class, expertise-led coverage model to our clients. We do this across multiple industries, supported by intelligence and industry know-how. We have chosen to re-align our relationship teams into industry verticals that best serve your corporate needs. We are here to be your true banking partner and deliver customized solutions that add value to your business. We focus on building rewarding relationships and differentiated customer experiences. International Banking Group Mashreq’s international presence spans across 11 countries outside UAE. With branch presence in USA, UK, Egypt, India, Kuwait, Qatar, Bahrain and Hong Kong, alongside Representative Offices in Pakistan, Nepal and Bangladesh, we provide global reach and robust regional banking solutions. We offer extensive Corporate Banking services to customers in Bahrain, Egypt, Kuwait, Qatar and India; and Retail Banking services in select countries. Mashreq’s global presence helps in supporting franchise client needs internationally and international client needs across our franchises. We take pride in our knowledge of our markets, differentiating ourselves from the competition with state of the art products and channels, a global footprint and the ability to connect national markets. Financial Institutions services constitute a major segment of our International Business. With decades of rich FI experience, full spectrum of FI services, presence in major money markets, extensive network of correspondents, clearing capabilities in most presence countries and highly experienced relationship teams, we are a major FI services provider in Asia, Europe, GCC and Africa. We aim to be your financial partner not only in the UAE, but also in the GCC and beyond.
- Website
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https://www.mashreqbank.com/uae/en/corporate/home
External link for Mashreq Corporate & Investment Banking Group
- Industry
- Banking
- Company size
- 501-1,000 employees
- Headquarters
- Dubai, United Arab Emirates
- Type
- Privately Held
- Founded
- 1967
Locations
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Primary
Dubai, United Arab Emirates, AE
Employees at Mashreq Corporate & Investment Banking Group
Updates
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In his latest article, Mashreq’s Group CEO, Ahmed Abdelaal contemplates on “AI in the banking sector – Is it a friend or a foe?”. He says the future of banking, underpinned by AI, is not just about embracing technology but about integrating it meaningfully with customer-centric approaches. He asserts that AI promises a new era of banking characterized by enhanced efficiency and operational resilience, bolstered security, and deeper personalization of services, truly showcasing how AI is more of a friend than a foe in the banking sector's ongoing evolution. Read the full article here: http://ms.spr.ly/6044oNFok #Mashreq #RiseEveryDay #Innovation #Resilience #CustomerCentricity #Efficiency
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The UAE is enhancing energy security through efficiency upgrades, while the Middle East can lead the global energy transition through strategic energy investments in both traditional and renewable resources. #MashreqCorporateandInvestmentBanking #Mashreq #Energy
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At Mashreq Al Islami, we are proud to partner with the Dubai Charity Association in making a lasting impact for communities in need. We are committed to creating a better tomorrow through meaningful contributions. From supporting Pakistan Flood Relief to protecting biodiversity with Emirates Nature–WWF, our journey with the Dubai Charity Association reflects our dedication to compassion, sustainability, and global solidarity. #Mashreq #CommunitySupport #SustainabilityMatters #Climb2Change
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Stay alert - Don’t Fall for SMS Spoofing! Scammers can fake sender details to trick you into clicking suspicious links or sharing personal data. Protect yourself by checking the sender’s authenticity, avoid clicking on unverified links and be cautious of suspicious messages. Don’t fall victim to SMS spoofing—verify the message with our customer care unit! كن يقظاً - لا تقع ضحية لاحتيال انتحال الشخصية عبر الرسائل النصية القصيرة! يمكن للمحتالين تزييف تفاصيل المرسِل بهدف خداعك للضغط على الروابط المشبوهة أو مشاركة البيانات الشخصية. قم بحماية نفسك من خلال التحقق من صحة بيانات المرسِل وتجنب الضغط على الروابط غير الموثوقة وكن حذراً من الرسائل المشبوهة. لا تقع ضحية لاحتيال انتحال الشخصية عبر الرسائل النصية القصيرة – تحقق من الرسالة مع وحدة خدمة العملاء لدينا! #Mashreq #RiseEveryDay #FraudAwareness #SMSScamsالمشرق #تحدَّ_اليوم
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Mashreq Credit Cards Shine at Global Retail Banking Innovation Awards Global Retail Banking Innovation Awards 2024 by The Digital Banker We are excited to share that Mashreq has won four awards at the Global Retail Banking Innovation Awards 2024 by The Digital Banker. Credit Card of the Year: With 5% cashback on noon spends, a seamless digital onboarding experience, and the Mashreq noon Credit Card is the ultimate choice for customers shopping on noon. Best New Product Launch of the Year: The new Mashreq Al Islami Cashback Credit Card offers unlimited 5% cashback on all local & international dining spends with no annual fee. The card is primarily obtained through the Mashreq Mobile App. Best e-KYC: Mashreq's use of Emirates Facial Recognition (EFR) for Credit Cards onboarding enables a faster decisioning and approval process for clients while facilitating improved risk assessment and fraud controls. Best Digital Sales Initiative: A native in-app sales experience that allows existing clients to apply for a new Mashreq Credit Card in just a few clicks and start using it instantly for purchases. #Mashreq #BankingInnovation #Awards2024 #CustomerExperience #DigitalTransformation
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At Abu Dhabi Finance Week that took place recently, Mashreq’s Faisal Mohammed ALShimmari, Head of ESG, and Mohamed Abdel Hamid Abdel-Razek, Group Head of Tech, Transformation & Information, participated in two impactful panels. Faisal AlShimmari participated in the impactful Banking on Sustainability panel, highlighting how banks can lead the way in supporting a global transition to a net-zero economy. Joined by Jennifer Chammas (HSBC) and moderated by Dame Susan Rice (Global Ethical Finance), the discussion focused on how banks can empower clients at different stages of their sustainability journeys and enable real progress across sectors. Key insights revolved around collaboration, innovation, and the role of financial institutions in shaping a sustainable future. Mohamed Abdel Razek joined an incredible panel on Escaping the Innovation Dilemma to discuss how banks are navigating the evolving financial landscape, collaborating with agile fintechs, and balancing legacy tech challenges. Moderated by Brad Levy, CEO of Symphony, the panel featured industry leaders like Mauricio Sada-Paz (BofA) and Georgie Dickins (Cajetan Group), sharing insights on partnerships, in-house innovation, and the critical decisions shaping the future of banking. A huge success, these sessions highlighted the transformative power of collaboration and innovation shaping the future of financial institutions! #Mashreq #Innovation #NetZero #AbuDhabiFinanceWeek
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We are truly excited to share that Mashreq Pakistan is the first to have received a restricted license from the State Bank of Pakistan (SBP) to commence pilot operations as a digital retail bank in Pakistan. Since incorporating its operations in 2023, Mashreq Pakistan has built a robust operational framework, made strategic technology investments, and onboarded the country’s top-tier talent. Celebrating this milestone, Muhammad Hamayun Sajjad, CEO of Mashreq Pakistan, said, “We are fully ready and excited to begin this journey in Pakistan. At Mashreq, our ‘Bank for All’ philosophy drives everything we do, ensuring that all Pakistanis have access to essential financial services. Our focus on innovation and agility enables us to adapt quickly to market needs and provide tailored solutions that empower women, youth, and small businesses. As we grow alongside Pakistan, we remain committed to fostering financial inclusion and acting as a catalyst in the country’s economic progress.” Read more here: https://lnkd.in/dzAuTqNq #Mashreq #MashreqPakistan #RiseEveryDay #FutureOfBanking Mashreq Bank Pakistan Limited has received a restricted license from the State Bank of Pakistan to commence its pilot operations as a Digital Retail Bank.
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As we come to the end of a year gone by, we wish you the best of life, health, and optimism to rise every day in 2025. نتقدم لكم بأحر التهاني والتبريكات بحلول عام 2025، متمنين لكم عاماً عامراً بالصحة والسعادة والنجاح والازدهار. #Mashreq #HappyNewYear #RiseEveryDay #Rise_Every_Day #المشرق #تحدّ_اليوم
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In an insightful opinion article, our Group CEO, Ahmed Abdelaal, delves into the interconnected nature of the digital and human workforce at play in the banking sector. On one hand, today’s banks are increasingly focusing on automated processes, digital-first sales & services, AI-backed solutions. And on the other, banks have shifted their people strategies, using a more creative lens to build their current & future workforce. He believes, “The focus on digitalization needs to be complemented with human centricity: As much as we bank on technology for efficiency, our future resilience remains rooted in our people and talent. An integrated approach will enable banks not only to operate more efficiently but also to expand our capacity to innovate relentlessly with customer-centricity at the core, contributing to better banking tomorrow.” Read more: http://ms.spr.ly/6040oYiDg #Mashreq #FutureOfBanking #WorkforceTrends #RiseEveryDay