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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 .
Bank Name [4] [5] Bank name (in Arabic) Head Office (in UAE) Headquarters Stock code (if applicable) [2] [3] National Bank of Bahrain: بنك البحرين الوطني
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] It had become the largest private bank in the United Arab Emirates by the 1980s. [13]
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
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]
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.
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Before the foundation was founded in 2015, Al Ghurair was a supporter of the development of the educational sector in the UAE, where he built several schools in the early 1960's. The Abdulla Al Ghurair Foundation (AGF) is a non-profit , philanthropic organization dedicated to provide educational opportunities to students in the Arab region.