Press releases, Reports & Disclosures for Commercial Bank International

Commercial Bank International (CBI) has reported a 19% increase in its net profit before tax for Q1 2024, rising from AED 34 million in Q1 2023 to AED 40.4 million. Customer deposits also grew by 2% from AED 12.5 billion in Q1 2023 to AED 12.7 billion in Q1 2024. The bank attributes this growth to its customer-centric business strategy and innovative solutions. CBI, headquartered in Dubai, offers a range of banking products and is regulated by the Central Bank of the UAE and the Securities and Commodities Authority of the UAE.

The document is a review report and interim financial information for Commercial Bank International P.S.C. The report covers the financial performance of the bank for the three-month period ending on 31st March 2024.

The document is a Management Discussion and Analysis Report on the Q1 2024 Financial Results of Commercial Bank International. It provides an overview of the bank's financial performance during the first quarter of 2024.

Resolution No. 380 of 2024 announces the temporary suspension of trading on the shares of Commercial Bank International. This decision is in line with Article No. 16 of the Regulations concerning the listing of securities on ADX. The suspension is due to a meeting of the Commercial Bank International Board of Directors scheduled for 11:00 on 2-May-2024, which coincides with the trading session at ADX. Therefore, trading in CBI shares will be suspended from 09:00 on 2-May-2024 until ADX receives the meeting results. Department heads at ADX are required to implement this resolution in their respective fields. The resolution is to be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by the authorized person and issued on 26/04/2024.

The document was issued electronically on 15/11/2023, under reference number 2023/345/خ/إ أ. The subject is a certificate announcing the amendment of the International Commercial Bank's basic system (public shareholding company). After reviewing the Federal Law Decree No. 23 of 3232 on Commercial Companies and the amendment of the basic system of the International Commercial Bank, which was approved by the shareholders' general assembly held legally on 23/20/ 3232, the bank requested the issuance of a certificate announcing the amendment. The bank's basic system is to be amended as per the attached version. This certificate will be published in the official newspaper and will be effective from the date of its issuance. The relevant financial market will be notified. The document is signed by Dr. Mariam Bati Al Suwaidi, CEO. The International Commercial Bank is addressed in the document, dated 23/22/ 3232 with reference number 3232/243/خ/إ أ.