Leading financial institution, Mashreq inaugurated its 94th Branch in the Middle East region with its first branch opening in Kuwait with a capital of 15 Million Kuwaiti Dinars. The move demonstrates Mashreq’s strategic expansion plans and its commitment to the MENA region, whilst additionally providing customers with greater accessibility and convenience to meet their corporate and retail banking needs.
The inauguration of Mashreq’s branch in Kuwait was attended by H.E. Jassem Al Kharafi, Speaker of The National Assembly of Kuwait and H.E. Abdul Al Aziz Al Ghurair, CEO of Mashreq.
During the branch opening H.E. Abdul Aziz Al Ghurair, CEO Mashreq stated: “Kuwait has one of the most successful and sophisticated banking systems in the GCC and holds strategic importance within the overall expansion plans for the bank. We firmly believe that a strong regional network is a key attribute for a successful bank. I wish to personally thank the Central Bank of Kuwait for their help and cooperation in the opening phase of our branch.”
“With our branch opening in Kuwait today, we are committed to deliver excellence in customer service to potential clients seeking superior corporate and retail banking solutions, whilst providing our existing clients with an additional local outlet through which their financial needs will be met.”
“Kuwait is a very important market with a mature banking system and a healthy economy. Mashreq will be a trusted gateway for all UAE investments in Kuwait. We will also assist all our Kuwaiti clients & companies working and investing in the UAE, Egypt, Qatar and Bahrain” Continued Al Ghurair.
The newly opened Branch combines a team of 20 qualified and experienced staff who have undergone extensive training in all aspects of Mashreq’s systems, various products and services. Amongst the team, Mashreq attracted a significant number of young and talented Kuwaiti professionals including the Heads of Retail and Corporate business units, as well as other leading positions in the Mashreq family.
Over the last 12 months Mashreq has extended its operations in Abu Dhabi & Al Ain in UAE and Egypt, making significant progress in its long term ambition to build on Mashreq’s strong local presence and become a leading MENA financial institution.
“Our world is increasingly interconnected and it is important that customers are able to access their bank no matter where in the world they area, via the internet, telephone or physical presence. For us at Mashreq, we are committed to becoming the most convenient bank across all the markets in which we have presence and set an example as a leading financial institution. Concluded Al Ghurair” Mashreq Kuwait branch and offices are located in Ahmed Al Jaber St,in the centre of Kuwaits financial district in Al Zomorodah Tower, Ground Floor.