Mashreqbank PSc Group (Mashreq)
Top 50 Banks in The Middle East

Rank: 35

Mashreqbank Group (Mashreq)

Date of Establishment: 1967
Country: U.A.E
Group CEO: Ahmed Abdelaal

Sales: $2.4 billion

Profits: $-328 million

Assets: $43.2 billion

Market Value: $2.9 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, and launched a co-branded e-commerce credit card in the U.A.E.