Established in 1967, Mashreq operates across the U.A.E., Bahrain, Kuwait, Egypt, Hong Kong, India, Pakistan, Qatar, the U.K., and the U.S. In July 2024, it closed a $750 million senior unsecured syndicated term loan facility for the State Bank of India. In September 2024, Arcapita Group Holdings Limited and Dgpays reached an agreement to acquire a majority stake in NEOPAY from Mashreq, valuing it at approximately $385 million. In April 2025, Mashreq partnered with Goldman Sachs Asset Management to provide discretionary services to its wealth management customers.