Press releases, Reports & Disclosures for Mashreqbank PSc

Mashreqbank PJSC has scheduled a Board of Directors meeting for Friday, December 20, 2024, at 8:30 am. The agenda includes reviewing the minutes from the previous meeting held on December 12, 2024, discussing normal business activities, and addressing any other business matters. The notification is addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy of the notice has been sent to the Securities & Commodities Authority.

Mashreq Bank PJSC held a Board of Directors meeting on December 12, 2024, at 11:00 am. The meeting covered and approved the following agenda items: the minutes from the previous meeting on October 29, 2024, the scheduling of the Annual General Meeting for February 27, 2025, pending necessary approvals, and various other topics related to the bank's business and activities. The communication was signed by Shaima Al Obeidli, the Group Company Secretary, and a copy was sent to the Securities & Commodities Authority.

Mashreq Bank PJSC has scheduled a Board of Directors meeting on Thursday, December 12, 2024, at 11:00 am. The agenda includes approving the minutes of the previous meeting held on October 29, 2024, setting the date and venue for the Annual General Assembly meeting for shareholders, and discussing normal business activities. The notice is addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and is signed by Shaima Al Obeidli, Group Company Secretary. A copy of the notice is also sent to the Securities & Commodities Authority.

The document is the condensed consolidated interim financial information of Mashreqbank PSC Group for the period from January 1, 2024, to September 30, 2024.

Mashreq Bank PSC held a Board of Directors meeting on October 29, 2024, at 11:00 AM. During the meeting, they discussed and approved several agenda items, including the minutes from the previous meeting held on September 20, 2024, the financial statements for the third quarter ending September 30, 2024, and other topics related to the bank's business and activities. The communication was addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary. A copy was also sent to the Securities & Commodities Authority.

Mashreqbank PSC in Dubai, UAE, has scheduled a Board of Directors meeting for October 29, 2024, at 11:00 am. The agenda includes approving the minutes from the previous meeting on September 20, 2024, reviewing the bank's financial statements for the third quarter ending September 30, 2024, discussing normal business activities, and addressing any other business matters. The notice is signed by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, and a copy has been sent to the Securities & Commodities Authority.

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.

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.

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.