THE MIDDLE EAST’S
29. Ahmed Abdelaal
Designation: Group CEO
Company: Mashreq
Residence: U.A.E.
Nationality: Egyptian
Sector: Banking
Abdelaal became Group CEO of Mashreq in October 2019, having joined the bank in 2017. In Q1 2024, Mashreq recorded net profits of $555.8 million, showcasing a year-on-year growth of 25%. In 2023, it introduced the “Notice Nature” wildlife mapping initiative, in partnership with Emirates Nature-WWF, and transitioned to 100% recycled plastic for credit and debit cards. Abdelaal previously held leadership positions at American Express, ABN AMRO Bank N.V., and HSBC Middle East.