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The award recognised Al Ghurair for his significant contribution towards the development and progress of the banking industry in the Middle East, said a Press statement on Thursday. “Receiving this accolade is very rewarding to me personally, and I am honoured that the readers of the Banker Middle East have chosen to credit me with such an award. In accepting this award I would also like to thank Mashreq’s loyal customers and dedicated staff. This award is a mere reflection of their trust and support,” said Al Ghurair.
Al Ghurair joined Mashreq in 1977 and held various positions until 1988. He was responsible for the bank’s international transactions and assisted in opening branches in New York, London, Bahrain, Qatar, Egypt, India and Pakistan.
He was appointed director in 1989 and became the Chief Executive the next year.
Under his 19-year tenure the bank’s assets have risen to Dh96.7 billion, making it a world-class financial services institution.
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