MashreqBank PSC

ADCB has $609 Million Exposure to Saudi Groups.
Khaleej Times (Dubai, United Arab Emirates); 9/25/2009; 565 words; ...Algosaibi Group based on changes in its expectations related to recoverability of these loans," the bank said. Mashreqbank PSC, the UAE's third-biggest bank by revenue, also said on September 16 that it is owed about $400 million by Algosaibi...

Deutsche Bank and Commerzbank file law suits against Algosaibi.
CPI Financial; 7/30/2009; 834 words; ...said. The Saudi firm is involved in a series of lawsuits in New York stemming from its failure to repay its debts. Mashreqbank PSC, a United Arab Emirates-based lender, also filed a suit against the Algosaibi group over a failed $75 million...

Algosaibi Sues Al Sanea for $10 Billion Loan Fraud.
Khaleej Times (Dubai, United Arab Emirates); 7/19/2009; 1091 words; ...Commercial Bank, have exposure to the Saudi firms, according to banking sources or the banks themselves. The case is Mashreqbank PSC against Ahmed Hamad Al Gosaibi and Brothers Company 601650/2009 in New York State Supreme Court. Copyright 2009...

Badr Al Islami and Mashreq Capital Launches Sharia complaint fixed income fund
Al Bawaba; 7/6/2009; 680 words; ...has launched the Badr Al-Islami Income Fund in partnership with Badr Al-Islami, the Islamic banking division of Mashreqbank psc. The fund is one of the first regional Islamic Fixed Income funds and all investments in the Fund are approved by...

Badr Al Islami and Mashreq Capital aunches Sharia complaint fixed income fund
Al Bawaba; 7/6/2009; 643 words; ...has launched the Badr Al-Islami Income Fund in partnership with Badr Al-Islami, the Islamic banking division of Mashreqbank psc. The fund is one of the first regional Islamic Fixed Income funds and all investments in the Fund are approved by...