Latest news with #AlMasraf
Mid East Info
6 days ago
- Business
- Mid East Info
Al Masraf Adopts Lexzur's Smart Solutions as part of the UAE's AI Strategy - Middle East Business News and Information
Abu Dhabi, 13 August 2025 – Arab Bank for Investment & Foreign Trade (Al Masraf) has signed a strategic partnership with Lexzur, a leading legal technology provider offering AI-powered solutions for end-to-end management of legal practices. This partnership reinforces Al Masraf's commitment to innovation and efficiency by automating legal processes through Lexzur's next-generation platform, an advanced evolution of the 'App4Legal' digital legal system. The AI-driven solution delivers an efficient, fully digital legal experience, providing precise, real-time guidance powered by artificial intelligence. Commenting on the collaboration, Fuad Mohamed, Chief Executive Officer of Al Masraf, said: 'We live in an AI-driven era that is transforming the way businesses operate. Our collaboration with Lexzur is part of our strategy to enhance operational efficiency across all business sectors. We are committed to leveraging AI tools effectively, fostering a dynamic and sustainable work culture that supports our long-term vision. This initiative also reflects the UAE leadership's vision to pioneer AI innovation and cement the nation's position as a global hub for advanced technologies.' Razi Heyasat, General Legal Counsel and Board Secretary at Al Masraf, added: 'Al Masraf is among the first banking institutions in the UAE to integrate AI into its legal operations, demonstrating our dedication to digital transformation. By adopting Lexa, the AI-powered legal assistant from Lexzur, we aim to enhance workflow efficiency, compliance, and transparency within our legal practice.' Feras El Hajjar, Chief Executive Officer of Lexzur, highlighted the importance of this partnership : 'Al Masraf's adoption of Lexa marks a pivotal moment in how forward-thinking organizations use AI to boost efficiency, enable data-driven decision-making, and scale sustainably over the long term. Their vision goes beyond automation, AI is central to building a sustainable future. We are proud to support Al Masraf in unlocking these capabilities through Lexa and look forward to seeing their teams seamlessly integrate this cutting-edge technology to achieve tangible business outcomes.' This partnership is fully aligned with the UAE's Artificial Intelligence and Digital Economy Strategy, which aims to integrate AI across all sectors and strengthen the nation's position as a global leader in AI. Through public-private collaboration, Al Masraf continues to support the UAE's journey toward a more innovative and sustainable future.
Web Release
6 days ago
- Business
- Web Release
Feras El Hajjar, CEO of Lexzur; Fuad Mohamed, CEO of Al Masraf; and Razi Heyasat, General Legal Counsel & Board Secretary of Al Masraf, during the signing of their Strategic AI Partnership
Al Masraf Adopts Lexzur's Smart Solutions as part of the UAE's AI Strategy Feras El Hajjar, CEO of Lexzur; Fuad Mohamed, CEO of Al Masraf; and Razi Heyasat, General Legal Counsel & Board Secretary of Al Masraf, during the signing of their Strategic AI Partnership
Web Release
6 days ago
- Business
- Web Release
Al Masraf Adopts Lexzur's Smart Solutions as part of the UAE's AI Strategy
Arab Bank for Investment & Foreign Trade (Al Masraf) has signed a strategic partnership with Lexzur, a leading legal technology provider offering AI-powered solutions for end-to-end management of legal practices. This partnership reinforces Al Masraf's commitment to innovation and efficiency by automating legal processes through Lexzur's next-generation platform, an advanced evolution of the 'App4Legal' digital legal system. The AI-driven solution delivers an efficient, fully digital legal experience, providing precise, real-time guidance powered by artificial intelligence. Commenting on the collaboration, Fuad Mohamed, Chief Executive Officer of Al Masraf, said: 'We live in an AI-driven era that is transforming the way businesses operate. Our collaboration with Lexzur is part of our strategy to enhance operational efficiency across all business sectors. We are committed to leveraging AI tools effectively, fostering a dynamic and sustainable work culture that supports our long-term vision. This initiative also reflects the UAE leadership's vision to pioneer AI innovation and cement the nation's position as a global hub for advanced technologies.' Razi Heyasat, General Legal Counsel and Board Secretary at Al Masraf, added: 'Al Masraf is among the first banking institutions in the UAE to integrate AI into its legal operations, demonstrating our dedication to digital transformation. By adopting Lexa, the AI-powered legal assistant from Lexzur, we aim to enhance workflow efficiency, compliance, and transparency within our legal practice.' Feras El Hajjar, Chief Executive Officer of Lexzur, highlighted the importance of this partnership: 'Al Masraf's adoption of Lexa marks a pivotal moment in how forward-thinking organizations use AI to boost efficiency, enable data-driven decision-making, and scale sustainably over the long term. Their vision goes beyond automation, AI is central to building a sustainable future. We are proud to support Al Masraf in unlocking these capabilities through Lexa and look forward to seeing their teams seamlessly integrate this cutting-edge technology to achieve tangible business outcomes.' This partnership is fully aligned with the UAE's Artificial Intelligence and Digital Economy Strategy, which aims to integrate AI across all sectors and strengthen the nation's position as a global leader in AI. Through public-private collaboration, Al Masraf continues to support the UAE's journey toward a more innovative and sustainable future.
Zawya
12-08-2025
- Business
- Zawya
Al Masraf adopts Lexzur's smart solutions as part of the UAE's AI strategy
Abu Dhabi – Arab Bank for Investment & Foreign Trade (Al Masraf) has signed a strategic partnership with Lexzur, a leading legal technology provider offering AI-powered solutions for end-to-end management of legal practices. This partnership reinforces Al Masraf's commitment to innovation and efficiency by automating legal processes through Lexzur's next-generation platform, an advanced evolution of the 'App4Legal' digital legal system. The AI-driven solution delivers an efficient, fully digital legal experience, providing precise, real-time guidance powered by artificial intelligence. Commenting on the collaboration, Fuad Mohamed, Chief Executive Officer of Al Masraf, said:"We live in an AI-driven era that is transforming the way businesses operate. Our collaboration with Lexzur is part of our strategy to enhance operational efficiency across all business sectors. We are committed to leveraging AI tools effectively, fostering a dynamic and sustainable work culture that supports our long-term vision. This initiative also reflects the UAE leadership's vision to pioneer AI innovation and cement the nation's position as a global hub for advanced technologies." Razi H e yasat, General Legal Counsel and Board Secretary at Al Masraf, added: "Al Masraf is among the first banking institutions in the UAE to integrate AI into its legal operations, demonstrating our dedication to digital transformation. By adopting Lexa, the AI-powered legal assistant from Lexzur, we aim to enhance workflow efficiency, compliance, and transparency within our legal practice." Feras El H ajjar, Chief Executive Officer of Lexzur, highlighted the importance of this partnership:"Al Masraf's adoption of Lexa marks a pivotal moment in how forward-thinking organizations use AI to boost efficiency, enable data-driven decision-making, and scale sustainably over the long term. Their vision goes beyond automation, AI is central to building a sustainable future. We are proud to support Al Masraf in unlocking these capabilities through Lexa and look forward to seeing their teams seamlessly integrate this cutting-edge technology to achieve tangible business outcomes." This partnership is fully aligned with the UAE's Artificial Intelligence and Digital Economy Strategy, which aims to integrate AI across all sectors and strengthen the nation's position as a global leader in AI. Through public-private collaboration, Al Masraf continues to support the UAE's journey toward a more innovative and sustainable future. About Lexzur Lexzur is an AI-powered contract and legal workflow automation platform. It offers advanced solutions for contract lifecycle management, document automation, and legal practice management to teams across industries worldwide, powered by its built-in AI assistant, Lexa. Lexzur provides tailored solutions for law firms, corporate in-house legal teams, procurement departments, HR teams, and more, helping organizations streamline and automate their legal processes.
Al Bawaba
09-07-2025
- Business
- Al Bawaba
Arab Bank for Investment and Foreign Trade (Al Masraf) Strengthens Its Growth Strategy with Appointment of Chief Financial Officer
Arab Bank for Investment and Foreign Trade (Al Masraf) has announced the appointment of Hitesh Thakkar as Chief Financial Officer (CFO), in a strategic move that underscores the Bank's commitment to its newly launched 2025–2028 strategy. His appointment marks a pivotal step in strengthening the financial leadership needed to drive sustainable growth, operational excellence and long-term value creation for CFO, Hitesh will play a critical role in shaping and aligning Al Masraf's financial strategy with its long-term vision. He will lead financial planning, performance management and capital efficiency initiatives, while supporting the Bank's transition to a more agile, digitally-enabled operating model. His forward-thinking approach is expected to accelerate execution of the Bank's growth priorities across Corporate, Retail and SME banking brings over 25 years of extensive experience in regional and global financial institutions. He joins Al Masraf from Emirates NBD, where he served as Group Head of Finance for the Retail Banking & Wealth Management division. Previously, he held the position of CFO & Head of Strategy at Emirates Islamic, where he played a key role in the bank's transformation and financial turnaround. His earlier leadership roles at ABN Amro, ICICI Bank, and BNP Paribas further reflect his strong track record in financial strategy and Mohamed, Chief Executive Officer of Al Masraf, commented: 'A core focus for Al Masraf has been strengthening our management team, which serves as the foundation for effectively executing our growth strategy and delivering strong results and long-term value for our clients and shareholders. I am delighted to welcome Hitesh for his new roles. He joins at a pivotal time in our growth journey, and I look forward to their valuable contributions in their respective areas.'He added: 'We will pursue our ambitious vision relentlessly and accelerate the pace of investments in our growth strategy with a focus on reinforcing capital efficiency and enhancing our risk and compliance frameworks. We are confident that Hitesh contribution will help us build a more resilient and future-ready financial institution.' Al Masraf's 2025–2028 strategy is centred on improving asset quality, reinforcing its risk and compliance frameworks, and driving sustainable revenue growth across core business segments. The Bank is also advancing its digital transformation through operational agility, process automation, and improved service delivery, solidifying its position as a forward-looking, customer-centric financial institution in the UAE.
