THE MIDDLE EAST'S

TOP 30 BANKS 2022

23. Mashreq Bank

Country : U.A.E.
Group CEO: Ahmed Abdelaal
Market value: $4.4 billion
Revenues: $2.5 billion
Profits : $293 million
Assets: $48.2 billion

Mashreq Bank was founded by the Al Ghurair Group and is among the oldest banks in the U.A.E. The Al Ghurair Group remains a major shareholder in the bank through its subsidiaries. Mashreq currently operates in the U.A.E., Bahrain, Kuwait, Egypt, Hong Kong, India, Qatar, the U.K., and the U.S.