Mashreq announced the appointment of Ahmed Mohamed Abdelaal, the new chief executive officer (CEO). Abdul Aziz Al Ghurair has been elected chairman of the board of directors of the bank after accepting his resignation from the position of CEO of the bank. While Abdullah Ahmed Al Ghurair after serving for 23 years has decided to step down from the position of chairman though he will continue to be a board member.

The new CEO, Ahmed Mohammed Abdelaal has been with the bank for the last two years as head of corporate and investment banking group. He has a management degree from London Business School. He has over 25 years banking experience and has held senior leadership roles with several international banks in the region.