Mashreq Expands Global Presence With New Representative Office In Türkiye

In a significant move to bolster its international footprint, Mashreq, a prominent financial institution in the MENA region, has inaugurated its representative office in Türkiye. This strategic step is part of Mashreq's commitment to enhancing its support for Turkish financial entities and corporates, further solidifying its role as a key player in the region's financial landscape.

Mashreq's establishment in Türkiye is a proof to its active engagement and substantial influence in the Turkish market. As a leading correspondent bank, the institution has been instrumental in facilitating the flow of capital and risk capacity to Turkish banks and businesses. Moreover, its role as a top Bookrunner for bond transactions by Turkish borrowers highlights Mashreq’s pivotal role in linking Türkiye's financial market with global capital avenues.

The UAE and Türkiye share robust economic ties, with bilateral trade volumes soaring above $20 billion in 2024. The Comprehensive Economic Partnership Agreement, inked in 2023, is set to propel non-oil trade, with ambitions to hit the $40 billion mark by 2031. Türkiye’s strategic position as a leading manufacturing hub in Europe and its integral role in regional supply chains underscore the potential for deeper financial collaboration between the two nations.

"Our expansion into Türkiye reflects Mashreq's ongoing commitment to building a truly global banking network that connects key economic corridors. Türkiye's strategic location, dynamic economy, and strong trade and investment ties with the UAE present significant opportunities for collaboration. This strategic milestone strengthens our ability to support clients in Türkiye and the broader region with world-class financial solutions, while advancing our vision for sustainable and diversified growth," stated Ahmed Abdelaal, Group Chief Executive Officer at Mashreq.

The launch of the Türkiye Representative Office marks a critical phase in Mashreq's global expansion, bringing its global operational presence to 15 countries. This move is aligned with the bank’s regional growth strategy and enhances its capabilities to serve the Turkish market more effectively.

"Establishing a representative office in Türkiye reinforces our commitment to supporting a wide spectrum of clients in one of the region's most dynamic and strategically important markets. This on-the-ground presence enables us to deliver more responsive, tailored solutions across trade finance, capital markets, and treasury services.

"Leveraging Mashreq's digital-first infrastructure and global expertise, we are well-positioned to facilitate cross-border trade, enhance capital access, and contribute meaningfully to Türkiye's financial ecosystem," remarked Joel Van Dusen, Group Head of Corporate and Investment Banking at Mashreq.

In recent times, Mashreq has significantly increased its engagement with Turkish institutions, spanning syndicated loans, trade finance, payments, treasury services, and capital markets. This engagement underscores the bank’s dedication to fostering financial connectivity between Türkiye and its global partners, cementing its position as a strategic financial ally.