Mashreqbank Group (Mashreq)
Sector: Banks & Financial Services
Date of Establishment: 1967
Group CEO: Ahmed Abdelaal
Market Value: $3.1 billion
Founded by the Al Ghurair Group in 1967, Mashreq is among the oldest banks in the U.A.E. Today, it also has offices in Europe, Asia, Africa, and the U.S. The Al Ghurair Group remains a major shareholder in the bank through its subsidiaries. In October 2020, Mashreq signed a long-term digital payments strategic partnership with noon.com, and launched a co-branded e-commerce credit card in the U.A.E.