Mashreq Named As A “Market Leader” For The Second Time In A Row, In Recognition Of Its Cash Management Services By Euromoney

Mashreq Bank, a leading financial institution in the UAE, today announced that it received a host of recognitions fromEuromoney’s Cash Management Survey 2021 in recognition of its leading cash management products and services.

For the second year in the row, Mashreq was honored as a ‘Market Leader’ in the United Arab Emirates for Cash Management for Non-Financial Institutions. Additionally, the survey also saw Mashreq ranked as a ‘Market Leader’ in both the Middle East as well as Africa for its Cash Management services for Financial Institutions.

The survey also saw Mashreq rise one place in the rankings in Cash Management for Non-Financial Institutionsin both Qatar and Kuwait -finishing second and third respectively.

The rankings follow an extensive process that surveys the views of cash managers, treasurers and financial officers worldwide, in order to assess the top providers of cash management services. The distinction further validates Mashreq’s business model and its approach to cash management in an increasingly digitalized landscape.

Commenting on the latest accolade, Ahmed Abdelaal, Group CEO of Mashreq Bank, commented: “We are pleased to receive these rankings from Euromoney, an authoritative source of information for the global capital markets, benchmarking, and research. The endorsement reflects our leadership in the cash management space and is a testament to our strategy of working with customers to develop innovative cash management solutions that meet their ever-evolving needs. As digital tools become more important, we will continue to launch initiatives that address the financing needs of customers across our network.”

Mashreq’s cash management proposition allows regional corporates to efficiently manage and forecast their cash flows across numerous markets to improve liquidity and mitigate transactional risk. Today, our harmonized digital platform ensures real time reporting across markets, equipping our customers to pro-actively manage their payments and collections for their working capital needs supported by our acquiring/e-commerce capabilities.