Last 134.00 AED
Change Today +1.35 / 1.02%
Volume 682.0
As of 5:43 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

mashreqbank (MASQ) Snapshot

Open
119.45
Previous Close
132.65
Day High
134.00
Day Low
119.45
52 Week High
05/5/14 - 141.00
52 Week Low
08/12/13 - 51.00
Market Cap
22.7B
Average Volume 10 Days
137.3
EPS TTM
12.64
Shares Outstanding
169.1M
EX-Date
03/13/14
P/E TM
10.6x
Dividend
4.00
Dividend Yield
3.00%
Current Stock Chart for MASHREQBANK (MASQ)

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mashreqbank (MASQ) Details

Mashreqbank psc provides banking and financial services in the United Arab Emirates and internationally. Its Domestic Corporate segment offers corporate and commercial banking services, such as trade finance, contracting finance, project finance, investment banking, corporate advisory, cash management, and SME and private banking services. The company’s Domestic Retail segment provides current accounts, savings accounts, fixed deposits, investment products, Mashreq Millionaire deposits, personal loans, auto loans, mortgage loans, business loans, credit cards with loyalty programs, bank assurance, overdrafts, priority banking, and wealth management services to individuals or small businesses. Its Treasury & Capital Markets segment offers transaction services for foreign exchange, derivatives, margin FX, futures, hedging, investment products, domestic equities brokerage, and asset management services, as well as involved in proprietary trading and investing activities. The company’s International Banking segment provides trade services, reimbursements, reimbursement undertaking, reimbursement financing, export bills collection, and risk participation services. Its Islamic Banking segment offers Ijara home finance, Mudarabah deposits, Mudarabah savings accounts, Musharaka finance, Murabaha commodity finance, Ijara equipment finance, Sukuk underwriting, Musharaka LC, Murabaha LC, TR Murabaha, Kafala, Wakala deposits, reverse Murabaha deposits, and Sukuk advisory services. The company’s Insurance segment provides life, health, motor, marine cargo and hull, aviation, fire and general accident, engineering, liability, and personal lines insurance. It operates branches in the United Arab Emirates, Bahrain, Kuwait, Egypt, Hong Kong, India, Qatar, the United Kingdom, and the United States. Mashreqbank psc was founded in 1967 and is based in Dubai, United Arab Emirates.

Founded in 1967

mashreqbank (MASQ) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

mashreqbank (MASQ) Key Developments

Mashreq Launches Region's First Overseas Mobile Top-Up Service

Mashreq said it has launched the region's first online and international mobile top-up and bill payment service. The new initiative allows customers to instantly top-up mobile credit to their family, friends and loved ones in 103 countries from Mashreq's dedicated online platform, MashreqOnline and Snapp mobile app, Mashreq stated. It explained that the MashreqOnline service is immediate, fast, secure and easy to use. Customers just have to login, enter the beneficiary mobile number, select the amount they wish to top-up and the payment will be instantly processed.

Investors Reportedly Eye Sekerbank

Three banks from the Middle East & Gulf region are interested in acquiring stake in Sekerbank Turk Anonim Sirketi (IBSE:SKBNK), Hurriyet reported. Potential bidders wants to buy the Sekerbank stakes held by Samruk-Kazyna National Welfare Fund JSC (21.93%) and Sekerbank Pension Fund(33.98%). Smaruk-Kazyna's subsidiary BTA Securities JSC also holds an 11.7% stake in Sekerbank. Potential bidders include Mashreqbank psc (DFM:MASQ), and banks from Qatar and Bahrain, the daily said without naming the other two. Talks between the potential buyers and Sekerbank shareholders are underway, according to the daily. Sekerbank's shareholders found the price initially offered by potential buyers unsatisfactory and collected new bids in a second round, Hurriyet said. Smaruk-Kazyna wants to divest its all shares (33.6%, including BTA's stake) and exit the local lender but potential buyers want to acquire a majority stake in the local lender.

Mashreqbank psc expected to report Q2 2014 results on July 24, 2014. This event was calculated by Capital IQ (Created on May 22, 2014).

Mashreqbank psc expected to report Q2 2014 results on July 24, 2014. This event was calculated by Capital IQ (Created on May 22, 2014).

 

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MASQ:UH 134.00 AED +1.35

MASQ Competitors

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Company Last Change
Arab Bank PLC 8.24 JOD +0.01
Arab National Bank SR29.90 SAR +0.28
Banque Saudi Fransi SR34.94 SAR +0.31
Commercial International Bank Egypt SAE £40.74 EGP 0.00
Commercial Bank of Qatar QSC/The 68.20 QAR -1.20
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Industry Analysis

MASQ

Industry Average

Valuation MASQ Industry Range
Price/Earnings 11.5x
Price/Sales 5.5x
Price/Book 1.6x
Price/Cash Flow 11.5x
TEV/Sales NM Not Meaningful
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