Press releases, Reports & Disclosures for Mashreqbank PSc

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.

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.