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4-Traders Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Mashreqbank psc    MASQ   AEM000101018

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Mashreqbank psc : Mashreq launches new e-commerce platform

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09/14/2017 | 09:25am CEST

Mashreq Bank has launched an exclusive e-commerce platform for its credit card customers in the UAE: Global Cashback Mart.

The Global Cashback Mart is currently accessible at zero cost to customers who hold the Mashreq SmartSaver Global Credit Card and enables customers to shop online, choosing from over 2,500 global brands including Amazon, Macy's, Bloomingdale's, Hotels.com, Flipkart, Marks & Spencer, and Mothercare.

It also gives them an additional cashback of up to six per cent on purchases made through the platform. To complete the last-mile on the purchase experience, Mashreq has partnered with Shop & Ship to offer its customers 15 per cent off on delivery charges.

"With e-commerce volumes growing at 25-30 per cent year-on-year, Mashreq has taken a leadership position by providing value-added E-Com services such as the Global Cashback Mart; our customers not only have exclusive and complimentary access to the best of local, regional and global brands, but through the platform, they also enjoy a seamless and secure shopping experience, from the comfort of their homes. Further, the extra cashback offered on these transactions is the icing on the cake, making such online purchases even more rewarding for the customers," said Pankaj Kundra, Head of Payments & Personal Banking at Mashreq.

The Global Cashback Mart currently has over 2,500 brands listed under major categories: travel, electronics and department stores. The brands are categorised by country making it easier for customers to browse and select items to purchase, and the list of brands is continually refreshed to ensure relevance to customer needs.

(c) 2017 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( AED)
Sales 2017 6 230 M
EBIT 2017 3 782 M
Net income 2017 2 181 M
Debt 2017 -
Yield 2017 5,88%
P/E ratio 2017 5,95
P/E ratio 2018 4,61
Capi. / Sales 2017 2,11x
Capi. / Sales 2018 1,95x
Capitalization 13 137 M
Chart MASHREQBANK PSC
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Mashreqbank psc Technical Analysis Chart | MASQ | AEM000101018 | 4-Traders
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 107  AED
Spread / Average Target 44%
EPS Revisions
Managers
NameTitle
Abdul Aziz Abdullah Al-Ghurair Chief Executive Officer & Director
Abdulla Ahmed Majid Al-Ghurair Chairman
Sandeep Chouhan Head-Operations & Technology
Ali Rashed Ahmad Lootah Vice Chairman
Rashid Saif Saeed Al-Jarwan Director
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