Mashreqbank PSc

Mashreqbank P.S.C. held its Annual General Assembly Meeting on February 27, 2025, at 10:00 a.m. at its head office in Dubai, with both physical and virtual attendance options. The meeting was chaired by H.E. Abdulaziz Al Ghurair, and had a quorum of 90.91% attendance. Shaima Al Obeidli served as the Secretary of the Meeting, and Lumi was responsible for vote collection. The assembly approved the Board of Directors’ report on the bank’s activities and financial position for the year ending December 31, 2024, as well as the auditor’s report for the same period.

Mashreq Bank P.S.C. invites its shareholders to attend the annual General Assembly meeting on February 27, 2025, at 10:00 am UAE time. The meeting can be attended in person at the Bank's headquarters in Dubai or virtually via a link sent to shareholders. The agenda includes authorizing the Chairman to appoint a Secretary and Vote Collector, reviewing and approving various reports and financial statements for the year ended December 31, 2024, approving a cash dividend distribution, and appointing auditors for 2025. Special resolutions involve updating and issuing non-convertible securities and authorizing the Board to take actions related to these matters. Shareholders must register electronically to vote and can delegate proxies under specific conditions. The meeting requires a quorum of at least 50% of the Bank's share capital, with a second meeting scheduled if the quorum is not met. Shareholders on record by specific dates are entitled to vote and receive dividends. The meeting will be recorded, and relevant documents are available on the Dubai Financial Market website.

The audited consolidated financial statements of Mashreqbank PSC Group for the year ended December 31, 2024, are pending approval from the Central Bank of the U.A.E. and adoption by shareholders at the annual general meeting.

Mashreq Bank PJSC held a Board of Directors meeting on January 30, 2025, at 11:00 am. The meeting covered several key agenda items, including the approval of the previous meeting's minutes from December 20, 2024, the financial statements for the year ending December 31, 2024, and the agenda for the Annual General Assembly meeting for shareholders scheduled for February 27, 2025. Other topics related to the bank's business were also discussed. The information was communicated by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, with a copy sent to the Securities & Commodities Authority.

Mashreqbank PSC has scheduled a Board of Directors meeting on January 30, 2025, at 11:00 am. The agenda includes approval of the minutes from the previous meeting on December 20, 2024, approval of the financial statements for the year ending December 31, 2024, planning for the Annual General Assembly meeting for shareholders on February 27, 2025, and discussion of normal business activities and any other 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.

Arcapita and DgPays Consortium have completed a $385 million acquisition of a majority stake in NEOPAY from Mashreq. Mashreq, a prominent financial institution in the MENA region, retains a significant minority stake in NEOPAY to support its growth. This strategic partnership aims to expand NEOPAY's operations, enter new markets, and enhance its services in the Middle East. NEOPAY, a leader in digital payments, processes over $30 billion annually and offers various services, including merchant acquiring and payment processing. Mashreq, known for its innovative banking solutions, continues to focus on customer success and growth, maintaining its headquarters in the Middle East.

Mashreqbank PSC has announced the completion of a transaction involving the sale of 65% of its interests in IDFAA Payment Services LLC. This sale was made to a consortium consisting of Arcapita Group Holdings Limited and Dgpays S.a.r.l. The transaction, which was initially disclosed on September 13, 2024, was finalized on January 6, 2025. The announcement was made by Shaima Al Obeidli, Head of Corporate Governance & Group Company Secretary, on behalf of Mashreqbank.

Mashreq Bank PSC held a Board of Directors meeting on December 20, 2024, at 8:30 am. During the meeting, the board discussed and approved the minutes from the previous meeting held on December 12, 2024, as well as 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 was signed by Shaima Al Obeidli, the Group Company Secretary. A copy of the communication was also sent to the Securities & Commodities Authority.