Press releases, Reports & Disclosures for Commercial Bank of Dubai P.S.C.

The Commercial Bank of Dubai P.S.C. held its Annual General Meeting on March 5, 2025, at the bank's head office in Dubai. During the meeting, several resolutions were adopted, including the approval of the directors' report, the auditors' report, the Internal Sharia Supervision Committee's report, and the consolidated financial statements for the year ending December 31, 2024. Additionally, Dr. Abdulrahman Abdulla Alsaadi was appointed as a member of the Internal Shari’ah Supervisory Board. A cash dividend distribution of 50% of the net profit for 2024, equivalent to 50.74% of the paid-up capital as of December 31, 2024, totaling AED 1,514,686,394.92, was also approved.

The text is a proxy form for shareholders of the Commercial Bank of Dubai (PSC) to appoint a proxyholder to represent them and vote on their behalf at the Annual General Assembly Meeting scheduled for March 5, 2025. Shareholders need to fill in their details, the proxyholder’s information, and sign the form. The completed form, along with supporting documents, should be uploaded electronically at the specified website. The registrar may contact shareholders to verify the information provided.

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.

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.

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.

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.

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.

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.

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.