Mashreq offers digital IPO subscription through its mobile app

Mashreq offers digital IPO subscription through its mobile app

Mashreq, one of the leading financial institutions in the UAE, is the first bank to go live with its digital IPO subscription through its mobile application.

The bank’s retail customers can now generate a National Investor number (NIN), open a brokerage account in Mashreq Securities and subscribe digitally to the Tecom initial public offering (IPO) and other IPOs listed on Dubai Financial Market (DFM) through the Mashreq mobile banking app.

Mashreq retail customers will be able to benefit from a seamless digital experience allowing them to register their interest for upcoming IPOs, receive important information on listing dates, key highlights of the organization, and various ways to subscribe and make payments instantly through a click of a button.

To further facilitate investor participation ahead of the Tecom IPO, Mashreq will be offering its retail customers with a DFM investor number (NIN) and a trading account number on a real-time basis through a strategic collaboration between Mashreq Securities, the brokerage and securities division of Mashreq Bank and Dubai Financial Market (DFM).

The entire onboarding journey will be completely paperless and can be completed in a few minutes allowing Mashreq customers to leverage their subscription into the Tecom IPO by up to 5 times, digitally with