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Al Masraf

  • 1,000 - 50,000 employees

Al Masraf Graduate Programs & Internships

  • Banking & Financial Services

What it does: Offers a full range of financial services including corporate banking, consumer banking, treasury and investment services, and Islamic banking

Best known for: Al Masraf has been around since 1975 garnering multiple awards that include the Dubai Quality Appreciation Award in 2018, the 'Widest Implementation of Happiness Meter Across Emirates' in 2017, and the 'Best CEO Emiritisation Award 2016'. Today, it has more than 10 branches located across Abu Dhabi, Al Ain, Sharjah, Dubai, and Ras Al Khaimah. 

Staff stats: 391 as of 2018

The Al Masraf story

Al Masraf was established in November 1975 and began its banking operations in 1976 in accordance with a federal decree signed and issued by His Highness Sheikh Zayed Bin Al Nahyan. The banking institution was a collaborative effort between His Highness and rulers of other Emirates, with a unified goal of promoting joint economic ventures between Arab countries.

The bank has three shareholders: the Emirates Investment Authority owns 42.28%, the Libyan Foreign Bank owns 42.28%, while La Banque Extrerieure d'Algerie in Algeria owns 15.44%. In 2018, net profits reached AED 482 million, an increase of 33% from the previous year. Al Masraf attributes this growth to its robust risk management practices and the implementation of unique strategies during the past three years. 

Al Masraf’s four-fold mission is to be the first bank of choice for best-in-class services and products, attract, develop, and retain high-profile employees, benefit its investors with sustainable ROI, and contribute to society through participation in regional economic development initiatives. 

The culture

Al Masraf expresses a value for both sports and tradition through a variety of activities which include celebrating UAE National Flag Day and sponsoring the Dubai Hockey Club and the first football team of the Al Jazira Sports Club. Al Masraf also participated in the Dubai Fitness Challenge, an annual celebration of fitness and wellness. 

Al Masraf values a customer focus, team spirit, quality focus, change orientation, and organisational commitment.

Social contributions

Social responsibility is considered a priority for Al Masraf, and several strides have been made through various initiatives, sponsorships, and partnerships. The bank has consistently initiated and facilitated several activities to promote health, charity, education, economy, and sports. In 2018, the following initiatives were made:

Sports

Al Masraf sponsored the Al Jazira Sports Club and Dubai Hockey Club in the 2018 Hockey Course. The bank dedicated a day to sports during the events of the Dubai Fitness Challenge. 

Social Care

Al Masraf was active in the organisation of various charitable events launched by the Rotary Club of Jumeirah. To support orphans and the disabled, the bank gave out scholarships and purchased electronic wheelchairs. Other activities include contributing to the care of autistic patients, holding health awareness campaigns to promote a healthy lifestyle, and raising breast cancer awareness. 

Economy

Al Masraf sponsored the 2018 International Auditors Conference, as well as the Regulatory Compliance in a Changing World. It also contributed to the Economic Summit and participated in the activities of the Federal Customs Authority.

Jobs & Opportunities

Locations With Jobs & Opportunities
  • United Arab Emirates
Hiring candidates with qualifications in
B
Business & Management
E
Engineering & Mathematics
I
IT & Computer Science