Press releases, Reports & Disclosures for Mashreqbank PSc

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Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Notification from the company

Mashreqbank PSC has disclosed the disposal of 149,555,275 ordinary shares in Depa PLC, which are listed on NASDAQ. The shares were disposed of at AED 0.30 per share, totaling AED 44,866,582.50. The shares were originally acquired pursuant to a court order and had a book value of AED 28.2 million based on market price and an independent valuation at the time of acquisition. The disposal is intended to realize the amount pursuant to the shares acquired.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Press release

Arcapita Group Holdings Limited and Dgpays Consortium have agreed to acquire a majority stake in NEOPAY, a fast-growing payment solutions provider in the UAE, from Mashreq, which will retain a significant minority interest. The deal values NEOPAY at approximately $385 million and is pending regulatory approval. This acquisition aims to bolster NEOPAY's growth in the Middle East's digital payments sector, leveraging Dgpays' technology. NEOPAY has seen significant growth, serving various sectors and benefiting from the UAE's economic landscape and digital transformation initiatives. Leaders from Arcapita, Dgpays, and Mashreq expressed optimism about NEOPAY's future expansion and market potential.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Results of BOD Meeting

Mashreqbank PSC, headquartered in Dubai, UAE, held a Board of Directors meeting on 20th September 2024. The meeting, which started at 10:00 am, reviewed and approved the minutes from the previous meeting held on 11th September 2024 and discussed various topics related to the bank's business and activities. The letter, dated the same day, was addressed to Mr. Hamed Ahmad Ali, the CEO of Dubai Financial Market, and was signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy of the letter was also sent to the Securities & Commodities Authority.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: BOD meeting

Mashreqbank PSC, headquartered in Dubai, UAE, has announced a Board of Directors meeting scheduled for Friday, 20th September 2024, at 10:00 am. The agenda includes reviewing the previous meeting's minutes from 11th September 2024, discussing normal business activities, and addressing any other business matters. The notice was issued by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy was sent to the Securities & Commodities Authority.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Notification from the company

Mashreqbank PSC announced on September 13, 2024, its agreement to dispose of a 65% interest in its subsidiary, IDFAA Payment Services LLC. The transaction, valued at approximately USD 385 million, aims to realize value for Mashreqbank and its shareholders while establishing a long-term shareholder arrangement with the purchasers, Arcapita Group Holdings Limited and Dgpays S.a.r.l., for future business growth. The deal is not associated with related parties and was signed on September 12, 2024.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Results of BOD Meeting

Mashreqbank PSC, headquartered in Dubai, UAE, held a Board of Directors meeting on September 11, 2024, at 9:00 AM. The meeting reviewed and approved the minutes from the previous meeting held on July 25, 2024, and discussed various topics related to the bank's business and activities. The communication is addressed to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market, and is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy of the communication was also sent to the Securities & Commodities Authority.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Change of BOD meeting Timing

Mashreqbank PSC, headquartered in Dubai, UAE, has announced a change in the timing of its Board of Directors meeting. The meeting is now scheduled for Wednesday, 11th September 2024, at 9:00 am. The agenda includes reviewing the minutes from the previous meeting held on 25th July 2024, discussing normal business activities, and addressing any other business matters. This information was communicated by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy was sent to the Securities & Commodities Authority.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: BOD meeting

Mashreqbank PSC has announced a Board of Directors meeting scheduled for Wednesday, 11th September 2024, at 11:00 am. The agenda includes reviewing the previous meeting's minutes from 25th July 2024, discussing normal business activities, and addressing any other business matters. The notification was issued by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.

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Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Press release regarding financial results for the Q2 2024

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Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Financial statements for the 2n QTR of 2024

Mashreqbank PSC Group has released its condensed consolidated interim financial information for the period from January 1, 2024, to June 30, 2024.

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