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Mashreq Bank Unveils 16 New Branches in Abu Dhabi, Al Ain

DUBAI — Mashreq Bank has announced the opening of 16 new branches throughout Abu Dhabi and Al Ain, as part of its expansion plans in the capital.

This increased presence is a result of the rise in customer demand, bringing the total branch network to 46, Mashreq said in a statement on Monday. Future growth plans also include 10 new ATM machines in Abu Dhabi and Al Ain, the 
statement added.

“Abu Dhabi has always been one of our primary targets for Mashreq’s operations, and given the recent market changes and the increase in commercial trade diverted to the Capital, our growth plans have been supported. It was essential to expand our business to accommodate the increasing demand for convenient and secure banking solutions within the Emirate and for our presence to reflect the economic boost that Abu Dhabi continues to experience,” Abdul Aziz Al Ghurair, Chief Executive Officer of Mashreq, said.

“Mashreq is a National Bank and as such, it is very important for us to grow and develop our offering in line with the growth of our target markets. Our strategic growth plans remain very much on track, and along with our significant expansion in Abu Dhabi, we have also seen the opening of new regional branches in Egypt, Qatar and Kuwait.

“Our overall goal remains unchanged, to become the most convenient bank across all the markets in which we have a presence, and our accomplishments over the last year show that we have made significant steps towards 
achieving this,” Al Ghurair said.

To support the expansions in Abu Dhabi, the bank has appointed Ali Moosa as General Manager for Abu Dhabi and Al Ain. Moosa joined Mashreq seven years ago. His vast experience in the banking industry, and specifically in Abu Dhabi, gives him the right balance of expertise and local experience, the statement said. 
— abdulbasit@khaleejtimes.com