Commercial Bank of Dubai P.S.C.
About Commercial Bank of Dubai P.S.C.
Country of Origin: United Arab Emirates (U.A.E)
Commercial Bank of Dubai PSC (“the Bank”) was incorporated in Dubai, United Arab Emirates (U.A.E.) in 1969 and is registered as a Public Joint Shareholding Company (PJSC) in accordance with Federal Law No. 32 of 2021. The Bank is listed on the Dubai Financial Market. The Bank’s principal activity is commercial and retail banking. The registered address of the Bank is CBD Head Office, Al Ittihad Street, P. O Box 2668, Dubai, United Arab Emirates.
Details about subsidiaries and an associate:
i.CBD Financial Services LLC, is registered as a limited liability company in accordance with Federal Law No. 32 of 2021 in Dubai, United Arab Emirates. The Group holds a 100% interest. Its principal activity is providing brokerage facilities for local shares and bonds.
ii.CBD Employment Services One Person Company LLC, is registered as a limited liability company in accordance with Federal Law No. 32 of 2021 in Dubai, United Arab Emirates. The Group holds 100% interest. Its principal activity is the supply of manpower services.
iii.Attijari Properties LLC, is registered as a limited liability company in accordance with Federal Law No. 32 of 2021 in Dubai, United Arab Emirates. The Group holds a 100% interest. Its principal activity is self-owned property management services as well as buying and selling of real estate.
iv. Noor Almethaq Real Estate Development LLC, is registered as a limited liability company in accordance with Federal Law No. 32 of 2021 in Dubai, United Arab Emirates. The Group holds a 100% interest. Its principal activity is the development of real estate.
v. CBD (Cayman) Limited is a special purpose entity (SPE) registered in the Cayman Islands. The SPE has been established for the issuance of debt securities.
vi.CBD (Cayman II) Limited is a special purpose entity (SPE) registered in the Cayman Islands. The SPE has been established to transact and negotiate derivative agreements.
vii. VS 1897 (Cayman) Limited is a special purpose entity (SPE) registered in the Cayman Islands. The SPE has been established to manage investment acquired in the settlement of debt.
viii. National General Insurance Co. (PJSC) is an associate of the Bank and is listed on the Dubai Financial Market. It underwrites all classes of life and general insurance business as well as certain reinsurance business. The Bank holds a 17.8% interest in the associate. The management believes that it has significant influence on the associate by virtue of having representation on the Board of Directors of the associate.
Latest Pressrelease Summaries from Commercial Bank of Dubai P.S.C.
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Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
The document is an internal management discussion and analysis report for the full year of 2024, dated January 29, 2025. It is intended for a finance platform with social features used by individuals interested in finance and investing.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
The audited consolidated financial statements of Commercial Bank of Dubai PSC for the year ending December 31, 2024, are pending approval by the Central Bank of UAE and adoption by shareholders at the Annual General Meeting.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
The Board of Directors of Commercial Bank of Dubai P.S.C. held a meeting on January 29, 2025. They approved the minutes from the previous meeting on December 11, 2024, and the financial statements for the year ending December 31, 2024. The annual general assembly meeting for the bank's shareholders is scheduled for March 5, 2025, at the bank's head office in Dubai, with an option to attend virtually. The invitation for the General Assembly is expected to be published on February 6, 2025, pending necessary approvals. The meeting agenda includes discussing and approving a cash dividend distribution of 50% of the net profit for 2024, amounting to AED 1,514,686,394.92, which is 50.74% of the bank's paid-up capital as of December 31, 2024.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. is scheduled for Wednesday, January 29, 2025, at 9 a.m. The agenda includes approving the minutes from the previous meeting on December 11, 2024, approving the financial statements for the year ending December 31, 2024, and related resolutions. Additionally, the meeting will address the approval of the Annual General Meeting agenda, special resolutions, and the date and venue of the meeting, as well as the expected date for publishing the invitation, pending approval from relevant authorities. The letter is signed by Mr. Ahmed Ali Al Jaziri, Board Secretary, and copied to the Securities and Commodities Authority.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. took place on Wednesday, December 11, 2024, at 9:00 a.m. During the meeting, the minutes of the previous meeting held on October 23, 2024, were approved, and normal business activities were discussed. The communication was addressed to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, and a copy was sent to the Securities and Commodities Authority. The letter was signed by Mr. Ahmed Ali Al Jaziri, the Board Secretary.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
A meeting of the Board of Directors of the Commercial Bank of Dubai PSC is scheduled for Wednesday, 11th December 2024, at 9 a.m. The agenda includes approving the minutes of the previous meeting held on 23rd October 2024, discussing normal business activities, and addressing any other business matters. The notification is issued by Mr. Ahmed Ali Al Jaziri, the Board Secretary, with a copy sent to the Securities and Commodities Authority.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
The Management Discussion and Analysis Report for the third quarter of 2024, dated October 23, 2024, provides an overview of the company's financial performance and strategic developments during this period.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. took place on Wednesday, 23rd October 2024, at 9:00 a.m. During the meeting, the board approved the minutes from the previous meeting held on 19th September 2024, approved the bank’s financial statements for the third quarter of 2024, and discussed normal business activities. The meeting's details were also communicated to the Securities and Commodities Authority.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
The document is the condensed consolidated interim financial statements of Commercial Bank of Dubai PSC for the nine-month period ending on September 30, 2024.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. is scheduled for Wednesday, 23rd October 2024 at 9:00 a.m. The agenda includes approving the minutes of the previous meeting held on 19th September 2024, approving the financial statements for the third quarter of 2024, discussing normal business activities, and addressing any other business. The outcome of the meeting will be communicated immediately afterwards.