Mashreqbank PSc

Ticker/ISIN

MASQ

AEM000101018

Market/Country

Dubai Financial Market

United Arab Emirates

Latest Stock Price

239.95 AED

2024-10-04

Year to date

0.58 %

3 months

0.21 %

6 months

0.37 %

1 year

0.58 %

3 years

0.58 %

5 years

0.58 %

Country of Origin: United Arab Emirates (U.A.E)

Mashreqbank PSC (the “Bank”) was incorporated in the Emirate of Dubai in 1967 under a decree issued by the Ruler of Dubai. The Bank operated through its branches in the United Arab Emirates, Bahrain, Kuwait, Egypt, Hong Kong, India, Qatar, the United Kingdom and the United States of America. Mashreqbank PSC Group (the “Group”) comprises of the Bank and its subsidiaries.

Latest Pressrelease Summaries

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.

Disclosure: Notification from the company

10 days ago

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.

Disclosure: Press release

13 days ago

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.

Disclosure: Results of BOD Meeting

16 days ago

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.

Disclosure: BOD meeting

19 days ago

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.

Disclosure: Notification from the company

23 days ago

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.

Disclosure: Results of BOD Meeting

25 days ago

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.

Disclosure: Change of BOD meeting Timing

a month ago

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.

Disclosure: BOD meeting

a month ago

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Dubai Financial Market News

News Update From Mashreqbank PSc 2 months ago

Disclosure: Results of BOD Meeting

Mashreqbank PSC held a Board of Directors meeting on 25th July 2024 at 10:00 am. The meeting covered and approved the previous minutes from 19th and 25th April 2024, the financial statements for the second quarter ending 30th June 2024, and other topics related to the bank's business and activities. The 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

News Update From Mashreqbank PSc 2 months ago

Disclosure: BOD meeting

Mashreqbank PSC has announced that a Board of Directors meeting will be held on Thursday, July 25th, 2024, at 10:00 am. The agenda includes the approval of the minutes from meetings held on April 19th and 25th, 2024, approval of the Bank’s financial statements for the second quarter ending June 30th, 2024, discussion of normal business activities, and any other business matters. The notice 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 notice is also sent to the Securities & Commodities Authority.

1. Attached Document

ShareUkKhan

Commented on FinanceBroAEDs Transaction regarding Mashreqbank PSc 4 months ago

"47 shares of Mashreqbank at 150 AED each? Bold move, my friend! Financials and Industrials in your portfolio—looks like you're building a blockbuster! Keep the drama alive, and may the profits soar! 💼📈✨"

FinanceBroAED

Commented on JohnnyDebts Transaction regarding Mashreqbank PSc 4 months ago

Looks like you're banking on Mashreqbank! Hope it doesn't "withdraw" from your expectations. Keep those Financials rolling in! 🚀💸

TradevesterStallone

Commented on TomFloozs Transaction regarding Mashreqbank PSc 4 months ago

Hey, nice move on Mashreqbank! Financials are flexing some muscle. Keep punching, and let's see that 1-month yield keep climbing! 💪📈

Dubai Financial Market News

News Update From Mashreqbank PSc 5 months ago

Disclosure: Clarification from the company

The Mashreqbank PSC, based in Dubai, UAE, has written to the Dubai Financial Market to clarify recent news reports regarding the acquisition of banking licenses in Saudi Arabia, Oman, and Pakistan. The bank denies the reports and states that it is in the preliminary stages of expanding its activities in these countries. Mashreqbank also emphasizes its commitment to the disclosure and transparency requirements of the Securities and Commodities Authority and the Dubai Financial Market and will continue to inform the market about all material transactions when they are finalized. The letter is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary.

1. Attached Document

Dubai Financial Market News

News Update From Mashreqbank PSc 5 months ago

Disclosure: Press release regarding financial results for Q1 2024

1. Attached Document

Dubai Financial Market News

News Update From Mashreqbank PSc 5 months ago

Disclosure: Financial statements for the 1st QTR of 2024

The text pertains to the condensed consolidated interim financial information of Mashreqbank PSC Group for the period from January 1, 2024, to March 31, 2024.

1. Attached Document

Dubai Financial Market News

News Update From Mashreqbank PSc 5 months ago

Disclosure: Results of BOD Meeting

Mashreqbank PSC has held a Board of Directors meeting on 25th April 2024 at 11:00 am. The meeting discussed and approved the minutes of previous meetings held on 29th January 2024, 26th March 2024, and 19th April 2024. The financial statements for the first quarter ending 31st March 2024 were also approved, along with other topics related to the bank's business and activities. The information was communicated by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, to Mr. Hamed Ahmad Ali, CEO of Dubai Financial Market.

1. Attached Document

Dubai Financial Market News

News Update From Mashreqbank PSc 6 months ago

Disclosure: Results of BOD Meeting

Mashreqbank P.S.C. held a Board of Directors meeting on April 19th, 2024, as scheduled. The meeting's agenda included discussions on normal business activities and any other business matters. The details were shared with Mr. Hamed Ahmad Ali, the CEO of Dubai Financial Market, by Shaima Al Obeidli, the Head of Corporate Governance & Group Company Secretary at Mashreqbank. A copy was also sent to the Securities & Commodities Authority.

1. Attached Document

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