Mashreq Bank PSC (MASQ)

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 …

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 …

Dubai – Mubasher: Mashreq Bank witnessed 122% year-on-year (YoY) higher net profits attributable to the owners at AED 5.76 billion during the first nine months (9M) of 2023, versus AED 2.59 billion. Operating income climbed by 52% to AED 7.90 …

Riyadh – Mubasher: Saudi Electricity Company(SEC) inked a USD-denominated international syndicated facility agreement at a total value of $3 billion, equivalent to SAR 11.25 billion, during the proceedings of the global economic event, the Future …

Dubai – Mubasher: Visa and Neopay, the payment subsidiary of Mashreq Bank, teamed up to develop a new instalment payment solution for the UAE market, according to a press release. This solution will enable consumers with credit cards to split …

UAE – Mubasher: Six UAE lenders contributed to green financing with a total of AED 190 billion ($51.80 billion) by the end of 2022, the UAE Banks Federation (UBF) announced. The lenders are First Abu Dhabi Bank (FAB), Abu Dhabi Commercial …

Dubai – Mubasher: The net profits of Mashreq Bank reached AED 3.51 billion in the first half (H1) of 2023, an annual hike of 149.60% from AED 1.40 billion. The UAE-based lender posted a total operating income valued at AED 5.12 billion in H1-23, …

Dubai – Mubasher: Mashreq Bank registered a 163% year-on-year (YoY) hike in net profit to AED 1.61 billion during the first quarter (Q1) of 2023, compared to AED 612 million. Total operating income amounted to AED 2.52 billion in Q1-23, up 67.60% …

Mubasher: Abu Dhabi Securities Exchange (ADX) joined forces with Mashreq Bank to provide its clients with instant access to trading on the exchange, according to a press release. ADX inked a memorandum of understanding (MoU) with Mashreq Bank as …

Dubai - Mubasher: The shareholders of Mashreq Bank approved the distribution of AED 1.80 billion as cash dividends, equivalent to 90% of the lender's paid-up capital, for 2022. The DFM-listed bank will disburse a dividend of AED 9 per share, …

Dubai - Mubasher: The net profit attributable to the owners of Mashreq Bank reached AED 3.70 billion in 2022, an annual leap of 269.80% from AED 1 billion. Earnings per share (EPS) settled at AED 18.48 last year, versus AED 5 in the …

Cairo – Mubasher: Egypt will host the 25th edition of the Euromoney conference on 7 December 2022, under the auspices of Prime Minister Mostafa Madbouly, according to a press release. Mohamed Maait, Egypt’s Minister of Finance, as well as other …

Dubai - Mubasher: Mashreq Bank posted a hike in net profit attributable to the owners to AED 2.58 billion during the first nine months (9M) of 2022, versus AED 265.07 million in the year-ago period. During the January-September 2022 period, the …

Dubai - Mubasher: The net profits attributable to the owners of Mashreq Bank skyrocketed to AED 1.39 billion during the first half (H1) of 2022, compared to AED 85.35 million in the year-ago period, according to the bank's unaudited consolidated …

Dubai - Mubasher: Mashreq Bank has partnered with Dubai-based Galaxy Racer (GXR), a transmedia powerhouse, to launch a content series and gaming tournaments and support 10 of the region’s top content creators. The first-of-its-kind partnership …

Dubai - Mubasher: Mashreq Bank has set the pricing of its inaugural $300 million perpetual non-callable additional Tier 1 offering. The 8.5% five-year notes are expected to close on 7 July 2022, subject to customary closing conditions, according …

UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …

Dubai - Mubasher: The unaudited consolidated financials of Mashreq Bank registered a surge in net profits attributable to the owners to AED 606.13 million in the first quarter (Q1) of 2022 from AED 42.98 million in the year-ago period. The bank's …

Dubai - Mubasher: The ordinary general meeting (OGM) of Mashreq Bank has granted its green light for a cash dividend of AED 1 per share for 2021. The bank will pay out a total cash dividend of AED 200.60 million, representing 10% of the capital, …

Dubai - Mubasher: The consolidated financials of Mashreq Bank reported AED 1 billion net profits attributable to the owners in 2021, against net losses of AED 1.28 billion in 2020. The bank's net interest income and income from Islamic products …

Dubai - Mubasher: Fitch Ratings has affirmed the long-term issuer default rating (IDR) of Mashreq Bank and Dubai Islamic Bank (DIB) at 'A', with a stable outlook. The global rating agency has maintained DIB's Viability Rating (VR) at 'bb+', …

Dubai - Mubasher: The ordinary general meeting (OGM) of Mashreq Bank has approved a capital raise to AED 2.006 billion by issuing bonus shares. The bank will increase its capital by issuing 13% of bonus shares totaling 23.079 million units based …

Dubai - Mubasher: Mashreq Bank has reached settlements with US regulators over alleged conduct which involved US dollar transactions that happened over a decade ago.  The settlements were reached with the New York Department of Financial Services …

Dubai - Mubasher: The consolidated interim financials of Mashreq Bank recorded a 24.7% decline in net profits attributable to the owners to AED 265.071 million during the first nine months of 2021 from AED 352.024 million in the year-ago period. …

Dubai - Mubasher: Mashreq Bank has inaugurated its first representative office in Shanghai as part of the bank's strategic plan to expand its services in China. The bank's new representative office will serve as a liaison office to …