Mashreq’s Post

Mashreq has successfully priced a $500 million Additional Tier 1 bond offering with a 7.125% coupon on June 3, 2024. This marks our return to the debt capital markets since 2022, achieving the largest price tightening by any UAE bank for an Additional Tier 1 issuance in the last five years. Key points: 🔹 Orderbook exceeded $2.1 billion early on. 🔹 Yield set at 7.125% with a reset margin of +270.5bps. 🔹 Global marketing efforts included a roadshow in London. 🔹 Investor allocation: 77.5% from the Middle East, 19.5% from Europe. Group CEO Ahmed Abdelal commented, “The robust investor engagement and support for this strategic transaction is gratifying. This will enable Mashreq to continue its growth plans into 2024 and beyond.” #Finance #Investment #BondMarket #Mashreq #UAE #Growth 𝘋𝘪𝘴𝘤𝘭𝘢𝘪𝘮𝘦𝘳 : 𝘊𝘰𝘯𝘵𝘦𝘯𝘵 𝘴𝘩𝘢𝘳𝘦𝘥 𝘩𝘦𝘳𝘦 𝘪𝘴 𝘧𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘯𝘰𝘵 𝘢 𝘱𝘳𝘰𝘮𝘰𝘵𝘪𝘰𝘯 𝘰𝘳 𝘦𝘯𝘥𝘰𝘳𝘴𝘦𝘮𝘦𝘯𝘵 𝘰𝘧 𝘢𝘯𝘺 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘦𝘯𝘵𝘪𝘵𝘪𝘦𝘴 𝘰𝘳 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴.

Mashreq’s Net Profit surges 122% to AED 5.8 billion in the first 9 months of 2023 driven by robust income growth and low risk cost. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq said: “The UAE banking sector continues to demonstrate remarkable resilience and growth, laying a strong foundation for the entire financial landscape of the country. Our recent achievement, a remarkable 122% year-on-year surge in net profits, stands as a testament to Mashreq’s enduring strengths and forward momentum.”   Ahmed Abdelaal, Group Chief Executive Officer said: “Mashreq’s remarkable financial performance this year is a clear reflection of our relentless commitment to innovation and putting our customers first. The significant growth in net profit to AED 5.8 billion in the third quarter, spurred by an 82% increase in net interest income, underlines our strength and adaptability in an ever-changing financial landscape.“ Read more: https://bit.ly/3FDVuRT Mashreq #Mashreq #RiseEveryDay #Rise_Every_Day #Profits #MashreqLeaders #Banking

Mashreq’s Net Profit surges 122% to AED 5.8 billion in the first 9 months of 2023 driven by robust income growth and low risk cost. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq said: “The UAE banking sector continues to demonstrate remarkable resilience and growth, laying a strong foundation for the entire financial landscape of the country. Our recent achievement, a remarkable 122% year-on-year surge in net profits, stands as a testament to Mashreq’s enduring strengths and forward momentum.”   Ahmed Abdelaal, Group Chief Executive Officer said: “Mashreq’s remarkable financial performance this year is a clear reflection of our relentless commitment to innovation and putting our customers first. The significant growth in net profit to AED 5.8 billion in the third quarter, spurred by an 82% increase in net interest income, underlines our strength and adaptability in an ever-changing financial landscape.“ Read more: https://bit.ly/3FDVuRT #Mashreq #RiseEveryDay #Rise_Every_Day #Profits #MashreqLeaders #Banking

Qatar’s banking sector assets witnessed a 1.2% month-on-month expansion in June 2024 to QAR1.99 trillion ($546 billion) driven by a rise in domestic investments and credit. The latest data from QNB Financial Services reveals that this expansion contributed to a 1.5% increase in banking assets so far this year from QAR1.96 trillion in December 2023. Read more: https://lnkd.in/d-BuqtQP QNB Group #Qatar #Banking #Finance #Assets #QatarBanks

We are witnessing significant changes and emerging trends in the Financial Services industry in #Qatar, driven by global perspectives and the strategic direction of the country. Read our latest Qatar Banking Sector report:https://pwc.to/45qCfFY

Sincere appreciation goes to our client’s confidence in Mashreq as a banking partner in Bahrain and beyond. The diversity and global scope of these honours are a tremendous reflection of the substantial investments we have made throughout the years to provide you with innovative solutions and state-of-the-art technology on a regional and global scale.   @Euromoney @Mashreq #Mashreq #RiseEveryDay #Rise_Every_Day #Euromoney #cashmanagement

Dive into the full-year performance of Qatar's listed commercial banks for 2023! See the year's highlights with our latest results snapshot: Omar Mahmood, FCA CFA #BankingExcellence #QatarBanks2023 #FinancialInsights #KPMG #Qatar #BankingSuccess #QatarFinancialSector #StrategicGrowth #KPMG #Qatar

📢 Thrilled to share that our CEO Ashar Nazim will be a distinguished panelist at the "Mashreq Panel Discussion" at Gulf Hotel, Bahrain! 🌟 Join us for valuable insights and a dynamic discussion on November 15, 2023, at 9:00 am. 🗓️⏰ 🔑 Key Topics: Open Banking, Embedded Finance, and the future of financial services. 💡💰 Don't miss out on this opportunity to gain valuable knowledge. See you there! #FinancialServices #EmbeddedFinance #OpenBanking #Bahrain #LeadershipInsights #Digitalbanking #Banking #Finance #Aiondigital

Mashreq’s Net Profit surges 122% to AED 5.8 billion in the first 9 months of 2023 driven by robust income growth and low risk cost. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq said: “The UAE banking sector continues to demonstrate remarkable resilience and growth, laying a strong foundation for the entire financial landscape of the country. Our recent achievement, a remarkable 122% year-on-year surge in net profits, stands as a testament to Mashreq’s enduring strengths and forward momentum.”   Ahmed Abdelaal, Group Chief Executive Officer said: “Mashreq’s remarkable financial performance this year is a clear reflection of our relentless commitment to innovation and putting our customers first. The significant growth in net profit to AED 5.8 billion in the third quarter, spurred by an 82% increase in net interest income, underlines our strength and adaptability in an ever-changing financial landscape.“ Read more: https://bit.ly/3FDVuRT #Mashreq #RiseEveryDay #Rise_Every_Day #Profits #MashreqLeaders #Banking

We are excited to be releasing the ninth edition of our GCC listed banks’ results report, for the year-ended 31 December 2023. Titled 'Adaption and growth', this year’s report highlights some major financial trends in the regional banking sector, offering a comprehensive analysis of financial outcomes and key performance indicators for leading commercial banks across the GCC, compared to the previous year. https://lnkd.in/dTPGeaqN Dr. Rasheed Al-Qenae, Omar Mahmood, FCA CFA, Abbas Basrai, Bhavesh Gandhi, Mahesh Balasubramanian, FCA, Kenneth Macfarlane, Ovais Shahab KPMG in Qatar, KPMG in Kuwait, KPMG Bahrain, KPMG Lower Gulf, KPMG Saudi Arabia #FinancialServices #Banks #Qatar #KPMG #GCCBanking #QatarBanking #Banking #BankingInsights