Mashreqbank PSc

Logotype for Mashreqbank PSc
Ticker/ISIN
MASQ
AEM000101018
Market/Country
Dubai Financial Market
United Arab Emirates

About Mashreqbank PSc

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 from 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.

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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.

1. Attached Document

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.

1. Attached Document 2. Attached Document

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.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

Disclosure: Press release regarding financial results for the Q2 2024

1. Attached Document

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.

1. Attached Document

Dubai Financial Market News

Dubai Financial Market News

News Update From Mashreqbank PSc

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

Dubai Financial Market News

News Update From Mashreqbank PSc

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

ShareUkKhan

Commented on FinanceBroAEDs Transaction regarding Mashreqbank PSc

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