Shareholding Structure

as of March 2020

Saif Al Ghurair Investment LLC

39.5%

Abdulla Ahmed Al Ghurair Inv. Co.

31.1%

Masar Investments

12.7%

Majid Capital

3.6%

National Cement Company

3.5%

Other Shareholders

9.6%

Foreign Ownership

Mashreq has a foreign ownership limit of 49%

United Arab Emirates

97%

Foreign

3%