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Mashreq BankUnited Arab Emirates

Active

This profile is actively maintained
Last update: 2025-02-28 14:43:33
Branch of Mashreq Bank in Ras al Khaimah. Photo: gordontour via Flickr (CC BY ND 2.0)

Active

This profile is actively maintained
Last update: 2025-02-28 14:43:33
About
Website http://www.mashreq.com
Headquarters
Umniyati Street, Burj Khalifa Community, PO Box 1250
Dubai
United Arab Emirates
CEO/chair Ahmed Abdelaal
CEO
Supervisor
Central Bank of United Arab Emirates
Ownership
listed on Dubai Financial Market

Mashreq Bank's largest shareholder is the Saif Al Ghurair Investment Group (41.75%). The bank's complete shareholder structure can be accessed here.

Mashreq Bank is the oldest privately owned bank in the United Arab Emirates and one of the oldest banking institutions in the Middle East. It was founded in 1967 as the Bank of Oman. Mashreq Bank provides conventional and Islamic personal and investment banking and asset management services.

Sustainability
Commitments
Policies
Voluntary standards

Mashreq Bank's most important sustainability commitments can be foudn at the website sections listed below.

Links

Sustainability

Corporate social responsibility

Sustainability philosophy

Bank policy
2022-11-01 00:00:00 | Mashreq Bank
Mashreq Bank has committed itself to the following voluntary standards:
Dodgy Deals

Mashreq Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Mashreq Bank's link to these deals.

Projects / Companies
Finance type
Year
News
Resources
Documents
Accountability
Grievances
Response tracking

Mashreq Bank does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by the bank's finance.

This page evaluates Mashreq Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
JSW Utkal steel and coal, India (February 2025)
0
0
0
n/a
Dodgy Deal profile
Response
0
Out of 1
Rationale for score
The bank did not respond.
Action
0
Out of 1
Rationale for score
No information is available on whether the bank engaged with its client or took appropriate action.
Monitoring
n/a
Rationale for score
The impact was not raised over a year ago and therefore is not scored on monitoring progress.
More info
International CSOs call on banks to rule out finance for controversial Indian steel and coal project, March 2025
Average
0%
0
0
0
0
Good Moves

Good moves

Year: