Commercial Bank of Dubai P.S.C.

Ticker/ISIN

CBD

AEC000201017

Market/Country

Dubai Financial Market

United Arab Emirates

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.

A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. is scheduled for Wednesday, 23rd April 2025, at 9:00 a.m. The agenda includes approving the minutes of the previous meeting held on 29th January 2025, approving the financial statements for the first quarter of 2025, discussing normal business activities, and addressing any other business. The outcome of the meeting will be communicated immediately afterward.

Disclosure: BOD meeting

5 days ago

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.

Disclosure: Resolutions of General Assembly

2 months ago

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.

Disclosure: Invitation of General Assembly

2 months ago

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.

Disclosure: Management discussion and analysis report

3 months ago

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.

Disclosure: Financial statements for the year of 2024

3 months ago

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.

Disclosure: Results of BOD Meeting

3 months ago

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.

Disclosure: BOD meeting

3 months ago

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.

Disclosure: Results of BOD Meeting

4 months ago

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Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 6 months ago

Disclosure: Management discussion and analysis report Q3-2024

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.

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 6 months ago

Disclosure: Results of BOD Meeting

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.

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 6 months ago

Disclosure: Financial statements for the 3rd QTR of 2024

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.

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 6 months ago

Disclosure: BOD meeting

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.

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 7 months ago

Disclosure: Notification from the company

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 7 months ago

Disclosure: Results of BOD Meeting

On 19 September 2024, a meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. was held at 9:00 a.m. During the meeting, the minutes of the previous meeting held on 24 July 2024 were approved, normal business activities were discussed, and any other business matters were addressed. The information was communicated to Mr. Hamed Ahmad Ali, Chief Executive Officer of Dubai Financial Market, by Mr. Ahmed Ali Al Jaziri, Board Secretary. A copy of the communication was also sent to the Securities and Commodities Authority.

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 7 months ago

Disclosure: BOD meeting

A meeting of the Board of Directors of the Commercial Bank of Dubai P.S.C. is scheduled for Thursday, 19th September 2024 at 9:00 a.m. The agenda includes approving the minutes from the previous meeting held on 24th July 2024, discussing normal business activities, and addressing any other business. The outcome of the meeting will be provided immediately afterward.

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 9 months ago

Disclosure: Management discussion and analysis Q2-2024

The Management Discussion and Analysis Report for the first half of 2024, dated July 24, 2024, provides an overview of the company's financial performance and strategic initiatives. The report includes insights into revenue trends, cost management, market conditions, and future outlook. It highlights key financial metrics, operational achievements, and challenges faced during the period. The analysis aims to give stakeholders a comprehensive understanding of the company's current position and future prospects.

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 9 months ago

Disclosure: Financial statements for the 2nd QTR of 2024

The text refers to the condensed consolidated interim financial statements of the Commercial Bank of Dubai PSC for the six-month period ending on June 30, 2024.

1. Attached Document

Dubai Financial Market News

News Update From Commercial Bank of Dubai P.S.C. 9 months ago

Disclosure: Results of BOD Meeting

On 24 July 2024, a Board of Directors meeting for the Commercial Bank of Dubai P.S.C. was held at 9:00 a.m. During the meeting, the board approved the minutes of the previous meeting held on 24 April 2024, approved the financial statements for the second quarter of 2024, and discussed normal business activities. The meeting was documented by Mr. Ahmed Ali Al Jaziri, the Board Secretary, and a copy of the minutes was sent to the Securities and Commodities Authority.

1. Attached Document

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