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Mashreq (Arabic: بنك المشرق) is the oldest privately owned bank in the United Arab Emirates and one of the oldest banking institutions in the Middle East. [4] Founded as the Bank of Oman in 1967, it now offers online banking and e-commerce .
The Al Ghurair Group built the United Arab Emirates' first cement factory, flour mill, and sugar refinery. [1] [12] The group founded the Bank of Oman (later Mashreq Bank) in Dubai 1967. [13] In 1969, the group bought minority owner Ottoman Bank out of its 15 percent share of the bank. [13] The bank had assets of over DH 3,000,000,000 by 1978. [13]
Bank Name [1] Bank name (in Arabic) Headquarters Stock code (if applicable) [2] [3] Abu Dhabi Commercial Bank: بنك أبوظبي التجاري: Abu Dhabi: ADX: ADCB: Abu Dhabi Islamic Bank: مصرف أبوظبي الإسلامي: Abu Dhabi: ADX: ADIB: Ajman Bank: مصرف عجمان: Ajman: DFM: AJMANBANK: Al Hilal Bank: مصرف ...
Al Ghurair trained as an industrial engineer and earned a bachelor's degree from California Polytechnic State University.He joined Mashreq in 1977, and worked in various capacities until 1988, and he took over responsibility for the bank's international operations, setting up branches in New York, London, Bahrain, Qatar, Egypt, India and Pakistan.
Mashreq (bank), the oldest privately owned bank in the United Arab Emirates founded as the Bank of Oman in 1967 Mashreq University , a private university located in Khartoum North in Sudan Mashrek
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The following is a list of banks in the Arab World.The modern system of Arab banks was created in Egypt in the late 19th century, with the campaign of modernizing the country.
Al Ghurair has chaired the Al Ghurair board since 2008, [3] and since 2003 has been a board member of Abdul Rahman Saif Al Ghurair Investments and Mashreq Bank, [4] the oldest privately held bank in the Emirates. He has been a member of the Dubai Economic Council since 2003. [5]