Mashreq Completes Sale of Majority Stake in NEOPAY to DgPays and Arcapita
Mashreq sells NEOPAY stake to DgPays and Arcapita, retaining minority interest to support regional growth and digital payment innovation.
Mashreq, one of the MENA region’s leading financial institutions, has announced the successful completion of the sale of a majority stake in NEOPAY, the UAE’s fast-growing digital payments leader. As previously announced on 13 September 2024, DgPays, a leading financial infrastructure technology provider in the EMEA region and Arcapita Group Holdings Limited (“Arcapita”), a global alternative investment firm, had agreed to acquire the stake.
Mashreq retains a significant minority stake in NEOPAY, underscoring its commitment to supporting the company’s continued growth. This strategic partnership represents a milestone for NEOPAY as it aims to scale its operations, enter new markets, and enhance its innovative service offerings across the Middle East.
The completion of this transaction signifies a shared commitment between Mashreq, DgPays, and Arcapita to driving innovation, fostering growth, and shaping the future of digital payments across the region.
