Mashreq Bank PSC News - Mubasher Info
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01 April 11:51 PM

Mashreq Bank PSC (MASQ)

Last update: 02:59 PM market time.
210.00
1.00
0.48%
Open 209.00
Previous Close 209.00
High 214.00
Low 204.00
Stock Statistics
Volume 14,002
Turnover 2,932,188.00
All data are 15 minutes late during market session

News

Photo Credit: OSN Ceremony
7 September 2015 11:50 AM OSN gets $400m facility from 11 banks
Dubai-Mubasher: OSN, a MENA pay-TV network, secured a $400 million facility which was nearly two times oversubscribed by a syndicate of 11 international and regional banks, according to a report sent to Mubasher. The proceeds will be used …
Banking and Finance
Photo Credit: Arabianeye-Reuters
15 July 2015 00:58 PM Mashreq Bank profits hit AED 1.33bn in 6M
  Dubai – Mubasher: Mashreq Bank on Wednesday reported its financials for the first six months of 2015 and said it achieved a net profit of AED 1.327 billion ($0.36120 billion), a rise of 11.6% from AED 1.209 billion ($0.32908 billion) in the same …
Financial Results
Photo Credit: Arabianeye-Reuters
12 July 2015 08:06 AM Mashreq Bank to review H1 results Wednesday
  Dubai – Mubasher: Mashreq Bank said its board will meet to discuss and approve the bank’s financial statements for the second quarter and first half of the year on 15 July, according to filing to the Dubai Financial Market (DFM) on Sunday. The …
Company News
Saif Al Falasi, ENOC Group CEO
17 June 2015 01:53 PM ENOC secures $1.5bn loan for expansion plan
Dubai - Mubasher: Emirates National Oil Company (ENOC) has announced securing a $1.5 billion term-debt syndicated facility from local, regional and international banks.This nine-year USD and AED financing facility was fully underwritten by …
Company News
Photo Archive
12 May 2015 10:17 AM NBF’s unit leads consortium for $49m facility
Abu Dhabi – Mubasher: National Bank of Fujairah ( NBF ) said Tuesday that NBF Capital Limited, a fully-owned subsidiary, has successfully concluded a maiden syndication transaction worth AED 180 million ($49 million) for ZAFCO.NBF Capital acted as …
General News
Photo Credit: Arabianeye-Reuters
10 May 2015 08:32 AM Dubai banks’ profits leap 42% on Emirates NBD in Q1
By: Thabet ShehataDubai – Mubasher: UAE banks listed on the Dubai Financial Market (DFM) achieved a combined net profit growth of 42.2% in the first quarter of 2015, reaching AED 3.8 billion ($1.03 billion) compared to AED 2.68 billion ($730 …
Company News
Photo Archive
3 May 2015 00:03 PM RAK Hospitality signs AED 880m financing deal for 4 hotels
Abu Dhabi – Mubasher: RAK Hospitality Holding announced Sunday that it concluded an AED 880 million debt transaction with respect to its four internationally-branded hotels, which are held by its subsidiary, RAK National Hotels, according to the …
Company News
Photo Credit: Arabianeye-Reuters
19 April 2015 00:20 PM UAE’s Mashreq reports Q1 profits of AED 668m
Dubai – Mubasher: Mashreq Bank posted 12.7% growth in its net profit for the first quarter of 2015, climbing to AED 668 million ($181.86 million) from AED 593 million ($161.44 million) in the same period in 2014.Net profit for the mother …
Financial Results
Photo Credit: Arabianeye-Reuters
6 April 2015 02:15 PM Mashreq Bank to open 7 local branches in 2015
By Amr AdelDubai-Mubasher: Mashreq Bank is planning more expansions via opening more branches in the UAE, Qatar and Egypt in 2015, said Shaker Zainal, deputy regional chief for branches in the Middle East and North Africa (MENA).The bank intends …
Company News
Photo Credit: Arabianeye-Reuters
22 February 2015 10:36 AM Mashreq Bank OGM decides on London arbitration
 By: Amr AdelDubai – Mubasher: The ordinary general meeting (OGM) for Mashreq Bank has decided in its meeting held today, Sunday, February 22, 2015, to resort to arbitration in London regarding $500-million facilities inked on June 30, …
Corporate Actions
Photo Credit: Arabianeye-Reuters
22 February 2015 10:19 AM Mashreq Bank OGM decides bonus share issuance
 By: Amr AdelDubai – Mubasher: The ordinary general meeting (OGM) for Mashreq Bank has decided, in its meeting held today, Sunday, February 22, 2015, on a bonus share issuance representing five percent of capital added to a cash dividend of …
Company News
Photo Credit: Arabianeye-Reuters
7 February 2015 04:08 PM Dubai banks raise FY14 profits to AED12bn; Emirates takes lead
 By: Thabet ShehataDubai – Mubasher: UAE banks listed on the Dubai Financial Market (DFM) have recorded a net profit growth by 50.4% during the fiscal year 2014 compared to figures from 2013, while Q4-14 profits surged 54% against Q4-13.Net …
Financial Results
28 January 2015 10:20 AM Mashreq Bank to tackle resorting to London court in Feb
 Dubai – Mubasher: Mashreq Bank has announced in a bourse filing to the Dubai Financial Market (DFM) on Wednesday that its shareholders will convene in an extraordinary general meeting (EGM) on Sunday, February 22, 2015 to discuss resorting to …
Company News
Photo Credit: Arabianeye-Reuters
27 January 2015 04:37 PM Profits of 8 DFM-listed firms rise to AED 14bn
 By: Thabet ShehataDubai – Mubasher: Financials for eight companies listed on the Dubai Financial Market (DFM) for the fiscal year 2014 have shown a combined net profit growth by 35% to AED 13.6 billion ($3.7 billion) compared to AED 10 billion …
Company News
18 January 2015 00:28 PM Mashreq Bank FY14 profit rises 33%
Mashreq Bank announced its financial results to the Dubai Financial Market (DFM) for the fiscal year (FY) ending December 31, 2014, reporting a rise in its net profit by 33% to AED 2.40 billion compared to AED 1.81 billion during the same period of …
Financial Results
14 January 2015 11:43 AM ADIB gains on rumours of Citigroup subsidiary buy in Egypt
 UAE – Mubasher: Abu Dhabi Islamic Bank (ADIB) added 1.62% on the Abu Dhabi Securities Exchange (ADX) following news that the Bank is seeking to purchase the retail banking activities of Citigroup Egypt.Citigroup received 10 offers from banks …
Company News
12 January 2015 02:11 PM Mashreq to tackle results Jan 18 amid good sector forecasts
 Dubai – Mubasher: Mashreq Bank announced in a filing to the Dubai Financial Market (DFM) that its Board of Directors will convene on Sunday, January 18, 2015, to tackle the Bank’s financial statements for the year ending December 31, 2014.Moreover …
Company News
5 January 2015 08:54 AM Tabreed completes AED 2.6bn debt refinancing
The National Central Cooling Company (Tabreed) has announced today, Monday, the completion of the refinancing of its current AED 2.6 billion debt facilities.The conditions, margins, and tenor in the new agreement reflect …
Company News
25 December 2014 02:30 PM Five Gulf banks secure $150m to Indian Jet Airways
Jet Airways -India announced that it has successfully concluded a five-year syndicated loan facility of $150 million from five Gulf banks.Mashreq bank psc, was the sole Initial Mandated Lead Arranger and Book Runner for the transaction, …
Company News
25 November 2014 00:08 PM Dubai Festival City to raise $1.1 bn loan – sources
Al Futtaim Group’s Dubai Festival City (DFC) is said to to be in the process of raising an AED 3.9 billion ($1.06 billion) decade-long loan facility from six banks, Reuters reported citing two sources with knowledge of the matter but …
General News
23 November 2014 11:35 AM UAE banks to finance Jindal SAW with AED 465m
Alpen Capital Limited has announced acting as the financial advisor in a deal by which India’s Jindal SAW Middle East (JSME) is to receive a joint financial facility worth AED 645 million to finance the Company’s operating capital …
Banking and Finance
20 November 2014 07:32 AM UAE banks participate in Singapore firm's $1bn loan
Four UAE banks took part in the$1 billion (AED 3.67 billion) credit facility of Singapore's energy and commodities giant Mercuria Energy Group.A group of 38 banks joined with Mercuria for the loan, according to Emirates 24/7.Emirates NBD …
Company News
17 November 2014 10:30 AM Dubai Parks’ 2.53bn-share IPO begins today
The initial public offering (IPO) of Dubai Parks and Resorts is set to commence today, Monday, on the Dubai Financial Market (DFM) and to end on November 30, 2014 for the first tranche, while the second tranche is set to …
Initial Public Offerings
13 November 2014 09:30 AM Mashreq establishes corporate alliance with premier anti-fraud organisation, ACFE
DUBAI, 13th November, 2014 (WAM) -- Mashreq, one of the UAE’s leading financial institutions, has become the first bank in the Middle East to establish a corporate alliance with the Association of Certified Fraud Examiners, ACFE. The …
Company News
11 November 2014 07:27 AM UAE banks mull acquisition of Citibank Egypt retail unit
Three UAE banks operating in the local market are getting ready to compete over the individual financing portfolio of Citibank – Egypt, after the mother company announced plans to exit consumer banking services in 11 markets including …
Banking and Finance