Mashreq marks 50 golden years of success

Dubai - Bank's assets now at Dh123b compared to Dh2b when it started

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, attended Mashreq Bank's golden jubilee celebrations in Dubai on Sunday.
The ceremony was also attended by Sheikh Hasher bin Maktoum Al Maktoum, Director-General of the Dubai Department of Information; Sultan bin Saeed Al Mansouri, UAE Minister of Economy; and Abdul Aziz Abdullah Al Ghurair, chief executive officer of Mashreq Bank, along with a number of officials.
Sheikh Mohammed viewed a film about the bank's progress over the past 50 years and the stages of its development until it became one of the first national banks to contribute to urban and commercial development in the country and support its economy. Its financial assets stood at about Dh123 billion compared to Dh2 billion since its inception.
Sheikh Mohammed congratulated Al Ghurair for his success in establishing and developing this national bank which, he said, plays a positive role in supporting the country's national economy on every level.