Group Information
Mashreq, Makaseb’s Investment Manager and Sponsor, is the largest private bank in the UAE and also the second oldest. Founded in 1967, the bank has played a pioneering role in the industry. Mashreq has a strong regional presence with offices in Qatar, Bahrain and Egypt and is currently the the largest foreign bank in Qatar.
With a presence in 11 countries, Mashreq has a strong reputation for innovation in the market. Among its many firsts, it pioneered the launch of many retail products such as travellers’ cheques, credit cards and ATMs in the UAE market.
Mashreq is invariably among the highest performing banks in the region. Last year we recorded a Net Profit of over US$517 million from a Total Operating Income of $1,048 million. At the end of last year our Total Assets stood at $23.8 billion.
Mashreq has received numerous international awards, particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin.