Mashreq has opened a representative office in Türkiye, signalling a continued commitment to supporting Turkish financial institutions and corporates.

As one of the most active correspondent banks operating in the country, Mashreq has facilitated risk capacity and capital flows to Turkish banks and businesses.

The bank has also served as a lead bookrunner for major bond issuances by Turkish borrowers, including capital-raising efforts by well-established local banks.

This involvement has reinforced Mashreq’s role in improving access to international capital markets and deepening financial links between Türkiye and global partners.

The establishment of the new office follows increased collaboration with Turkish institutions in areas such as syndicated lending, trade finance, payments, treasury services, and capital markets.

The move forms part of Mashreq’s broader regional expansion strategy and adds to its growing global footprint.

Ahmed Abdelaal, Group Chief Executive Officer at Mashreq, said:

“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.”

Economic ties between the UAE and Türkiye have strengthened in recent years, with bilateral trade surpassing US$20 billion in 2024.

The Comprehensive Economic Partnership Agreement, signed in 2023, is expected to further drive non-oil trade, which is targeted to reach US$40 billion by 2031.

Türkiye remains one of Europe’s key manufacturing hubs and plays a central role in regional supply chains.

With this latest addition, Mashreq now maintains a presence in 15 countries globally.

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