Press releases, Reports & Disclosures for Commercial Bank International

Resolution No. 260 of 2024 temporarily suspends trading on the shares of Commercial Bank International (CBI) on the ADX, as per Article No. 16 of the Regulations Concerning the Listing of Securities on ADX. The suspension is due to a board meeting of the CBI scheduled at 12:00 on 15-Jan-2024, which coincides with the ADX trading session. The suspension will begin at 09:00 on 15-Jan-2024 and will last until the ADX receives the meeting results. The heads of all departments in the ADX are expected to execute this resolution in their respective fields. The resolution will be circulated to the SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was approved by an authorized person and issued on 09/01/2024.

The document is an electronic notice, referencing number 2023/345/خ/إ أ, dated 15/11/2023. It announces a modification to the basic system of the International Commercial Bank (a public joint-stock company). The changes to the bank's fundamental system were approved by the shareholders' general assembly, held legally on 23/20/3232. In response to a request from the International Commercial Bank, a certificate announcing the system's modification was issued in accordance with the law. The bank's basic system text has been amended as outlined in the attached version. This certificate will be published in the official journal and will be effective from its issuance date. The relevant financial market will be notified. The document is signed by Dr. Mariam Bati Al Suwaidi, the CEO.

The document is a review report and interim financial information for Commercial Bank International P.S.C. It covers the nine-month period ending on 30 September 2023. This content is publicly accessible and is likely of interest to those involved in finance and investing.

The document presents the third quarter financial results of 2023 for Commercial Bank International, along with a discussion and analysis report from the management.

Commercial Bank International (CBI) reported a 38% increase in its net profit for Q3 2023, rising from AED 45 million in Q2 to AED 62 million. The bank also noted a 65% increase in its operating profit, from AED 44 million in Q2 to AED 73 million in Q3, and a 20% increase in net operating income, from AED 122 million in Q2 to AED 147 million in Q3. CBI CEO, Ali Sultan Rakkad Al Amri, attributed these positive results to the bank's commitment to exceptional customer service and innovative solutions. CBI, headquartered in Dubai, offers a range of banking products and is listed on the Abu Dhabi Securities Exchange.