Mashreq has signed a MoU with Dubai International Financial Centre (DIFC) to support digital transformation in financial services, improve client experiences, and strengthen private wealth capabilities.
Under the MoU, Mashreq and DIFC will collaborate on introducing digital onboarding and banking solutions for DIFC-based clients, streamlining account opening and improving access to financial services for family offices and private wealth structures.
The partnership will also support venture building and broader fintech engagement to advance DIFC’s technology-focused ecosystem, including initiatives in financial services, digital insurance, and targeted propositions for global corporates, SMEs, high-net-worth families, and entrepreneurs.
The agreement includes efforts to enhance international capital flows across key markets such as India, Egypt, China, Hong Kong, the UK, and the GCC.
Both parties will explore opportunities in digital financing, proptech, wealth advisory, family governance, and the potential establishment of Mashreq’s private banking and insurance entities within the DIFC framework.
Arif Amiri, Chief Executive Officer, DIFC Authority, said:
“DIFC is driving collaboration with partners like Mashreq to be catalysts for growth across key pillars of the Dubai Economic Agenda (D33), including financial services, technology and innovation, and family wealth.”
Ahmed Abdelaal, Group Chief Executive Officer, Mashreq, said:
“Mashreq is committed to advancing Dubai’s role as a global hub for finance, wealth, and enterprise. Our collaboration with DIFC reflects a shared vision to drive innovation, enhance digital access, and strengthen the ecosystem for international investors.”
Clients within the DIFC ecosystem will have access to simplified onboarding, priority processing for referred applications, and enhanced wealth advisory support.
Mashreq will also work with the DIFC Family Wealth Centre (DFWC) on solutions for governance, succession planning, tax optimisation, and family charters.
Featured image credit: Mashreq
