Mashreq

Mashreq's 1H 2024 Net Profit Ascends by 14% Year-on-Year to AED 4.0 Billion, building on strong business performance and positive outlook, underpinned by robust customer activity and stable macroeconomic environment. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq: "Our results for the second quarter keep us on track to deliver strong performance in 2024. We are determined to push forward with our strategic priorities and further improve customer experience, operational performance and risk controls. We are proud of our achievements and remain committed to our strategic vision of innovation, customer-centric solutions. Our ambition remains unchanged – to be the preferred financial partner for customers success journeys.” Ahmed Abdelaal, Group Chief Executive Officer: "In the first half of the year, we continued to deliver on our strategic ambitions, improving profitability and reporting a strong return on equity, driven by strong commercial momentum, robust customer activity, excellent credit quality, and focused cost management. Our results demonstrate that, despite the challenging global environment, we are making excellent progress on our strategic priorities and achieving industry-leading financial performance. This progress was primarily driven by sustained, strong net interest income, while our high customer activity across the business led to a significant uplift in non-interest income, resulting in a second-quarter return on equity of 27.6%.” For the full report, visit: http://ms.spr.ly/6049lXqMF #Mashreq #H1FinancialResults2024 #FinancialMilestone #BankingExcellence #Innovation #SuccessStory

Olympics is not just about the Golds, Silvers and Bronzes; it’s about pursuing childhood dreams. Witness the journey of Egypt’s biggest Olympian, Ebtissam Zayed, as she gets ready to compete in her third straight Olympics. Let's make history together! الأولمبياد مش بس ميداليات ذهب وفضة وبرونز، لكنه حدث بنحقق فيه أحلامنا اللي بنحلم بيها من وإحنا صغيرين. تابعوا رحلة "ابتسام زايد"، أشهر بطلة أولمبية في مصر، وهي بتستعد لمشاركتها التالتة على التوالي في الألعاب الأولمبية. يلا نحقق أحلامنا ونكتب تاريخ جديد مع بعض! #Mashreq #MashreqRisers #RiseEveryDay #Rise_Every_Day #ParisOlympics #Olympics2024

Mashreq Kuwait has always been a financial leader dedicated to fostering strong partnerships and providing innovative financial solutions. Established in 2009 as part of the prestigious Mashreq International group, we offer a comprehensive suite of services, including corporate banking, investment banking, and sustainable finance. Embrace the future of banking with our cutting-edge digital platform and industry expertise, helping you unlock new growth opportunities and navigate market dynamics. Join us in shaping the future of financial services. Learn more about Mashreq Kuwait: http://ms.spr.ly/6047lXFeL #Mashreq #MashreqKuwait #RiseEveryDay #International_Banking_Group

بفضل قوة الأعمال التجارية والتوقعات الإيجابية المدعومة بنشاط العملاء وبيئة الاقتصاد الكلي المستقرة 4.0 مليار درهم صافي أرباح المشرق خلال النصف الأول 2024 بارتفاع نسبته 14% على أساس سنوي معالي عبد العزيز الغرير، رئيس مجلس إدارة المشرق: " تؤكد نتائجنا للربع الثاني على التزامنا الثابت بتحقيق أداء قوي في عام 2024. سنواصل العمل على تحقيق أولوياتنا الإستراتيجية، والتركيز على تطوير تجربة العملاء، وتعزيز كفاءة الأداء التشغيلي، وتحقيق الإدارة الفعالة للمخاطر. نحن فخورون بإنجازاتنا وملتزمون دائماً برؤيتنا الاستراتيجية القائمة على الابتكار وتقديم حلول مالية مصممة خصيصاً لتلبية احتياجات عملائنا. ونؤكد التزامنا الراسخ بتحقيق طموحاتنا بأن نصبح الشريك المالي الموثوق والمفضل، ملتزمين بدعم عملائنا في كل خطوة على طريق النجاح والنمو المستدام." أحمد عبد العال، الرئيس التنفيذي لمجموعة المشرق:" اتسم أداء البنك خلال النصف الأول من العام بزخم العمليات التجارية، ونشاط العملاء القوي، وجودة السجل الائتماني، بالإضافة إلى الإدارة الفعّالة للتكاليف، حيث مكنّتنا هذه العوامل من مواصلة تحقيق طموحاتنا الاستراتيجية، وأسهمت في تحسين مستويات الربحية وتسجيل عائد قوي على حقوق المساهمين. تجسد هذه النتائج التقدم الهام الذي أحرزناه في أولوياتنا الاستراتيجية، والأداء المالي المتميز في قطاع الخدمات المالية، بالرغم من التحديات العالمية. ولم يكُن لهذا التقدم أن يتحقق لولا نجاحنا بمواصلة تحقيق معدلات قوية لصافي دخل الفوائد، بالإضافة إلى الأنشطة القوية للعملاء عبر مختلف فئات الأعمال التي أدت إلى زيادة كبيرة في الإيرادات من غير الفوائد، وأسهمت في تحقيق عائد على حقوق المساهمين بنسبة 27.6% في الربع الثاني." للاطلاع على التقرير الكامل، يرجى زيارة: http://ms.spr.ly/6049lXqB1 #المشرق #النتائج_المالية_النصف_الأول_2024 #إنجازات_مالية #التميز_المصرفي #الإبتكار #قصة_نجاح

Mashreq led a US$ 3.25 billion debut sustainability-linked financing for GEMS Education, a leading regional education provider. This transaction marks the region’s largest sustainability-linked financing to date, underscoring Mashreq’s dedication to sustainable finance and its critical role in advancing sustainability. As the Lead Sustainability Coordinator and Bookrunner, Mashreq spearheaded this initiative from inception to execution, structuring the facility to support GEMS’ sustainability journey and ambitions. Ahmed Abdelaal Joel Van Dusen Husam Abdel Al, CFA Chiradeep Deb Yousra Elsayed Ahmed Tarek, CFA, MSc. Vishal Narayanan Shereen Kassem, CTP Rohit Mishra Waleed M Selim NISHIT KUMAR Sidra Taj, CFA #Mashreq #InvestmentBanking #MashreqCorporateAndInvestmentBanking #Sustainability #sustainablefinance

Mashreq’s Group Head of Corporate & Investment Banking, Joel Van Dusen, spoke to Euromoney about the multiple points of differentiation, which has helped the bank’s Corporate & Investment Banking business expand its client base across sectors and international markets over the past five years. With a deep understanding of client needs, Mashreq has been able to stand out as a unique organisation that offers sector focus to ensure we cover corporate clients through specialized industry teams. These teams, with decades of experience, bring an unmatched level of expertise in sectors such as contracting, real estate, manufacturing, energy, and retail, among other industries. Mashreq is also among the few banks in the region to bring the ability to cover companies across multiple jurisdictions, across GCC, Egypt, India, etc. Mashreq is also proud of its yet another unique differentiator - the wholesale digital studio - comprising a wide array of talented coders to data scientists, who are working to help digitize client journeys, and develop digital assets that are helping Mashreq drive revenue, enhance compliance and the read of our credit risks. We welcome you to watch the full video interview here: http://ms.spr.ly/6044lng9k #Mashreq #RiseEveryDay #Rise_Every_Day #CustomerExperience

Mashreq Pakistan’s CEO, Muhammad Hamayun Sajjad, recently participated at the DigiBAP Summit 2024, as a panelist on an esteemed panel of Pakistan’s leading banking leaders, discussing ‘Leveraging Technology for Digital Supply Chain Finance’. Muhammad Hamayun spoke about how the traditional financial services & banking industry in Pakistan is faced with the challenge of being ‘truly ready’ to keep pace with the digital revolution that the country is witnessing. He highlighted the significant advantage that digital banks come with inherently as they get built in the present - at the heart of this digital revolution, backed by next-generation technologies, to make financial services more accessible and user-friendly for all Pakistanis. As a trusted international digital leader, we bring with us a rich legacy of innovation and a profound commitment to enable Pakistan’s future growth. Mashreq Pakistan is committed to leveraging its global award-winning digital platforms like NEO and NEOBiz to drive financial inclusion across the country. By leveraging advanced technologies such as AI, blockchain, cloud computing, sophisticated data analytics, and cyber-security technologies, we aim to provide a seamless and intuitive banking journey for the SMEs of Pakistan. #Mashreq #MashreqPakistan #RiseEveryDay #DigitalSupplyChainFinance #NEOBiz Mashreq Bank Pakistan Limited is actively progressing towards acquiring a restricted license from State Bank of Pakistan to commence its digital retail banking operations.

Thank you Naila, Maria and the entire cleaning team and high-altitude team for being a part of Phase 3 of Climb2Change in Pakistan. You are the heroes who make this journey a reality. The team has cleaned the trials, base camps and is now preparing to move up to clean K2's Camp 2. We wish them all the best as they contribute towards a sustainable and greener future in the region through their amazing efforts . Join us and start your own #Climb2Change. #RiseEveryDay #Rise_Every_Day #Mashreq #Sustainability #EnvironmentalPreservation #Earth #ClimateChange Maria Conceicao Naila Kiani

We are thrilled to announce that Mashreq has been honored with three prestigious awards at the Finance Derivative Awards 2024! 1. Best Retail Bank UAE 2024 2. Best Bank for ESG & Sustainable Development UAE 2024 – Nature Saver Account 3. Most Innovative Banking Products UAE 2024 – Multi Currency Accounts & 1 Click Deposit These accolades reflect our unwavering commitment to innovation, sustainability, and excellence in serving our valued customers. Thank you for your continued trust and support. Together, we rise every day! #Mashreq #FinanceDerivativeAwards #BankingExcellence #Innovation #Sustainability #RiseEveryDay

Mashreq has partnered with Profinch for its global expansion journey! At a signing ceremony in Dubai, attended by Mohamed Abdel Razek of Mashreq and Kiran Kumar of Profinch, we embarked on a transformative journey. Together, we will drive technology innovations across Oman, Pakistan, the US, UK, and Hong Kong, enhancing digital banking experiences with Oracle's cutting-edge solutions. "Our partnership with Profinch reflects our commitment to pioneering banking solutions worldwide. Together, we aim to elevate customer experiences and drive operational excellence," says Mohamed Abdel Hamid Abdel-Razek, Group Head of Technology, Transformation, and Information at Mashreq. #Mashreq #RiseEveryDay #Profinch #BankingInnovation #GlobalExpansion #TechPartnership