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11 November 2007

Mashreq's Open Day for National's Recruitment sees huge turnout More than 180 nationals hired

Dubai, United Arab Emirates:  The Open Day for recruitment of nationals, held by Mashreq last Thursday, November 1st, 2007, witnessed huge interest by young male and female nationals, leading to the recruitment of more than 180 nationals in the different sections and centers, such as the bank branches, Mashreq Golden branches, Retail Banking division, Investment and Corporate Banking division, Treasury and Capital Markets division, as well as marketing and human resources departments.

“The secret behind the success of our Open Day for nationals’ recruitment is early work and planning, over more than three months, to identify the needs of various divisions at Mashreq and the vacancies available in each, and arranging proper training programs for those jobs, which would start immediately after the Open Day. All those prior arrangements enabled us to hire this large number of nationals and integrate them in Mashreq family seamlessly,” commented Shatha Al-Muammari, Emiratization Manager, Al Mashreq.

Strong turnout by the young nationals was observed, as more than 400 applicants flocked to the Dubai World Trade Center, ranging from fresh graduates and high school certificate holders to highly experienced individuals in the banking sector.

The Open Day activities included a demonstration of work nature at Mashreq by experienced workers at the bank, who gave a clear idea about working in a banking environment.

“Results were impressive, despite the relatively short period of one day for receiving the applications, and we managed to hire 180 applicants after interviewing them. They were distributed to the different divisions of the bank according to their experience and education. Some of the newly appointed employees will attend training courses up to three months before starting actual work, while those with banking experience will begin work immediately without attending the courses, considering their years of experience,” Al-Muammari added.

She concluded: “I would like to thank Tanmia, our partners in this success, as Tanmia offices in Dubai, Sharjah and Ajman sent several qualified nationals to the Open Day for recruitment of nationals at Mashreq. I would also like to thank the management of the Higher Colleges of Technology, Zayed University and ENDP for their fruitful cooperation. Mashreq efforts will not stop at this point, as we welcome all young talented nationals willing to participate in the success of Mashreq at any time.”

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About Mashreq

Mashreq is the largest private bank in the UAE and also the second oldest. Founded in 1967 as Bank of Oman, the bank has played a pioneering role in the industry, particularly in retail banking. Among its many firsts it was the first to launch such products as travellers’ cheques, credit cards and ATMs.

It is invariably among the highest performing banks in the region. Last year it recorded a Net Profit of over US$470 million from a Total Operating Income of $844 million. At the end of last year its Total Assets stood at $15.2 billion

Mashreq has received numerous international awards, particularly for quality management. According to independent research it has more ISO certifications than any bank in the region by a wide margin.

As a leading financial Institution in the UAE Mashreq aims to be world class in every facet of its business, including its social responsibility to the community it serves. Towards this goal the bank pays particular attention to recruiting, training, developing and retaining UAE National employees.

For further information, please contact:

Saad Hakim, Rania Helmy & Pooja Keswani

PR Manager, Mashreq Gulf Hill & Knowlton
Tel: 04 6083707 Tel: 04 334 4930
Email: SaadHa@mashreqbank.com
Email: Rania.Helmy@hillandknowlton.com
Email: Pooja.Keswani@hillandknowlton.com