Mashreq Bank PSC (MASQ)

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News

8 July 07:23 PM MENA-focused Mashreq Bank backs AGSI’s green steel via AED 126m

Dubai - Mubasher: Mashreq Bank has extended a AED 126 million sustainable financing facility to Arabian Gulf Steel Industries (AGSI), according to a press release. The green loan will accelerate AGSI’s sustainability agenda and support its …

Banking and Finance

25 June 01:56 PM Mashreq Bank inaugurates office in Turkey to expand global presence

Dubai – Mubasher: Mashreq Bank has opened its representative office in Turkey as a part of its commitment to supporting Turkish financial institutions and corporates. The UAE-based lender has an effective role in channeling risk capacity and …

Global Economy

5 June 10:22 AM Nasdaq Dubai welcomes Mashreq’s $500m debut Sukuk listing

Dubai – Mubasher: Mashreq Bank listed a $500 million Sukuk on Nasdaq Dubai through Mashreq Al Islami Sukuk Company Limited, according to a press release. Issued under Mashreq’s $2.50 billion Trust Certificate Issuance Program, the offering is …

Companies Investments

4 May 06:33 AM Mashreq Bank logs AED 1.7bn profits in Q1-25; assets up 9%

Dubai – Mubasher: Mashreq Bank generated net profits after tax valued at AED 1.79 billion in the first quarter (Q1) of 2025, down 12% from AED 2.04 billion in Q1-24. Earnings per share (EPS) hit AED 8.52 as of 31 March 2025, an annual drop from …

Financial Results

20 April 12:57 PM Mashreq prices $500m debut Sukuk, attracts largest ever orderbook

Dubai – Mubasher: Mashreq has priced its debut $500 million Sukuk under the $2.50 billion Trust Certificate Issuance Program, with a profit rate of 5.03% annually on 15 April. The five-year offering will be rated A by S&P and will be listed on …

Banking and Finance

27 February 04:58 AM Mashreq to foster Egypt’s digital corporate banking landscape via NEO Corp launch

Dubai – Mubasher: Mashreq Bank plans to extend the roll-out of its Mashreq NEO CORP to the customer base in Egypt, according to a press release. Upon obtaining the required regulatory approvals, Egypt will be the first country in Mashreq’s network …

Banking and Finance

2 February 07:27 AM Mashreq Bank’s regional growth motivates over AED 9bn profits in 2024

Dubai – Mubasher: The net profits after tax of Mashreq Bank grew by 4% year-on-year (YoY) to AED 9.01 billion in 2024 from AED 8.67 billion, according to the financial results. Total operating income witnessed an annual increase of 24% to AED …

Financial Results

6 January 09:11 AM Arcapita, DgPays close stake acquisition deal for Mashreq's NEOPAY

Dubai – Mubasher: Mashreq, one of the MENA leading financial institutions, has completed the sale of a majority stake in NEOPAY, the UAE’s fast-growing digital payments leader. Under the agreement that was announced in September 2024, DgPays and …

Mergers and Acquisitions

17 December 2024 04:59 PM Leading UAE banks, international entities among arrangers for VakıfBank’s $870m equivalent facilities

UAE – Mubasher: Türkiye Vakıflar Bankası T.A.O. (VakifBank), the second largest bank in Türkiye in terms of asset size since YE2020, is pleased to announce the successful signing of its 367-day $518.50 million and EUR 331.40 million Sustainable …

Global Economy

9 December 2024 08:52 AM KIB Invest, UAE-listed banks lead Bahrain’s 7-year Sukuk issuance

Mubasher: Kuwait International Bank (KIB), through its investment arm KIB Invest, served as joint lead manager (JLM) in the issuance of a seven-year for Bahrain via CBB International Sukuk Programme Company W.L.L. The USD-denominated senior …

Companies Investments

27 November 2024 11:57 AM Leading UAE banks invest in LoanBook to boost loan syndication across EMEA

Dubai – Mubasher: The two listed UAE lenders Emirates NBD and Mashreq Bank unveiled their strategic investment in NewBridge Fintech Solutions, the owner of EMEA-focused LoanBook which serves as next-generation platform digitising the syndicated …

Global Economy

21 November 2024 01:15 PM Banque Misr secures $1bn financing from Emirates NBD, Mashreq Bank

Cairo – Mubasher: Banque Misr has signed a $1 billion senior unsecured syndicated term loan facility for two years, according to a press release. Emirates NBD Capital and Mashreq Bank jointly coordinated the facility, acting as the initial …

Companies Investments

30 October 2024 08:57 AM Mashreq Bank’s profits up in 9M-24; assets exceed AED 254.4bn

Dubai – Mubasher: Mashreq Bank achieved net profits amounting to AED 5.84 billion in the first nine months (9M) of 2024, compared to AED 5.83 billion in 9M-23, according to the financial results. The UAE-based lender registered operating income …

Financial Results

21 October 2024 07:38 AM Mashreq Egypt unveils 23% annual return to improve customer experience

Dubai – Mubasher: Mashreq Egypt, a Cairo-based business of Mashreq Bank, has announced the highest annual return of 23% for its Mashreq NEO and e&Mashreq NEO Accounts. The lender aims to provide customers with a significant return on their current …

Banking and Finance

10 October 2024 00:20 PM Mashreq partners with Al Etihad Payments to enhance payment options

Dubai – Mubasher: Mashreq Bank has expanded payment options for customers across the UAE with the acceptance of Jaywan cards on all NEOPAY terminals, according to a press release. Jaywan is owned and managed by Al Etihad Payments, a subsidiary of …

Companies Investments

25 September 2024 10:50 AM Mashreq leads 1st AED denominated syndicated loan deal for TDB

Dubai – Mubasher: Mashreq Bank has closed AED 500 million syndicated loan for the Eastern and Southern African Trade and Development Bank (TDB), according to a press release. Mashreq acted as sole coordinator, initial mandated lead arranger, …

Companies Investments

24 September 2024 01:12 PM Mashreq sells $385m stake NEOPAY to consortium

Dubai – Mubasher: A consortium including Arcapita Group Holdings Limited and Dgpays agreed to acquire a majority stake in NEOPAY, the UAE’s fast-growing payment solutions provider. Under the joint deal, Mashreq Bank will retain a significant …

Global Economy

28 July 2024 10:18 AM Mashreq Bank records AED 4bn profits in H1-24; operating income leap 20%

Dubai – Mubasher: Mashreq Bank generated a 14% rise in net profit after tax to AED 4.05 billion during the first half (H1) of 2024, compared to AED 3.56 billion in H1-23. Total operating income hiked by 20% year-on-year (YoY) to AED 6.12 billion …

Banking and Finance

25 July 2024 00:59 PM Mashreq Bank leads $3.2bn sustainability-linked funding round for GEMS Education

Dubai – Mubasher: Mashreq Bank has arranged a $3.25 billion leverage buyout sustainability-linked financing round for GEMS Education. The banks served as lead sustainability coordinator, initial mandated lead arranger and bookrunner, account bank, …

Banking and Finance

7 July 2024 08:52 AM Visa partners with Emaar Properties, Mashreq Bank to digitise B2B payments

Dubai – Mubasher: Visa has entered into a partnership with Emaar Properties and Mashreq Bank to digitise B2B payments through an integrated payables solution utilising Visa and Mashreq's virtual card solution. Launched in 2021, Visa’s virtual card …

Banking and Finance

26 June 2024 00:20 PM Mashreq Bank expands global footprint via partnership with Oracle

Dubai – Mubasher: Mashreq Bank has extended its partnership with Oracle Financial Services to back its growth plans worldwide, according to a press release. The lender will replace its core systems with Oracle solutions to streamline and enhance …

Global Economy

19 June 2024 01:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update

Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …

Banking and Finance

28 April 2024 07:41 AM Mashreq Bank’s net profits jump 25% in Q1-24

Dubai – Mubasher: The net profits of Mashreq Bank increased by 25% year-on-year (YoY) to AED 2 billion in the first quarter (Q1) of 2024 from AED 1.61 billion. Total operating income hit AED 3.14 billion in Q1-24, higher by 25% than AED 2.51 …

Financial Results

27 February 2024 01:02 PM Mashreq concludes $88m facility deal for Agrobank

Dubai – Mubasher: Mashreq Bank has closed a $88 million facility for joint-stock commercial bank Agrobank, according to a press release. The one-year syndicated term loan was initially launched at $50 million and closed at $88 million due to the …

Banking and Finance

30 January 2024 11:42 AM Mashreq Bank’s 2023 profits skyrocket 130.5%; operating income hit AED 10.8bn

Dubai – Mubasher: Mashreq Bank achieved net profits attributable to the shareholders worth AED 8.58 billion ($2.33 billion) in 2023, up 130.30% from AED 3.72 billion ($1.01 billion) in January-December 2022. The UAE lender posted operating income …

Banking and Finance