THE MIDDLE EAST’S
32. Ahmed Abdelaal
Designation: Group CEO
Company: Mashreq
Residence: U.A.E.
Nationality: Egyptian
Sector: Banking
Abdelaal joined Mashreq in 2017 and assumed his current role in 2019. In H1 2025, the group total assets amounted to $80 billion and posted operating income of $1.7 billion. In 2025, Mashreq expanded internationally, launching its first full-scale digital retail banking operations outside the U.A.E. in Pakistan. It also opened a representative office in Türkiye, began commercial operations in Oman and announced its branch’s operational readiness at India’s GIFT City, becoming the first U.A.E. bank to receive In-Principal Approval from the Indian regulator. Abdelaal is a board member of INJAZ U.A.E.