Press releases, Reports & Disclosures for Mashreqbank PSc

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.

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.

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.

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.

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.

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

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.

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.

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.