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 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.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
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.
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. will be held on Wednesday, 24th July 2024 at 9:00 a.m. The agenda includes approving the minutes of the previous meeting held on 24th April 2024, approving the financial statements for Q2 of 2024, discussing normal business activities, and addressing any other business. The outcome of the meeting will be communicated immediately afterward.
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Commented on JohnnyDebts Transaction regarding Commercial Bank of Dubai P.S.C.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
The text appears to be the title and date of a Management Discussion and Analysis Report for the first quarter of 2024, issued on 24th April 2024. This report is likely to contain a detailed overview of a company's financial performance and other relevant operational activities during the first quarter of the year.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
The document presents the condensed consolidated interim financial statements of the Commercial Bank of Dubai PSC Group for the three-month period ending on 31 March 2024.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
On April 24, 2024, a Board of Directors meeting was held by the Commercial Bank of Dubai P.S.C. The board approved the minutes from the previous meeting held on March 6, 2024, and the financial statements for Q1 of 2024. They also discussed normal business activities. The information was communicated to the CEO of Dubai Financial Market, Mr. Hamed Ahmad Ali, by the Board Secretary, Mr. Ahmed Ali Al Jaziri.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
A letter dated 17th April 2024 was sent to Mr. Hamed Ahmad Ali, the CEO of Dubai Financial Market, from Mr. Ahmed Ali Al Jaziri, the Board Secretary of Commercial Bank of Dubai P.S.C. The letter informs Mr. Hamed of a Board of Directors meeting scheduled for 24th April 2024 at 9:00 a.m. The agenda for the meeting includes approval of minutes from the previous meeting held on 6th March 2024, approval of the bank's financial statements for Q1 2024, discussion of normal business activities, and any other business. The outcomes of the meeting will be shared with Mr. Hamed immediately after the meeting.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
On March 6, 2024, a Board of Directors meeting of the Commercial Bank of Dubai P.S.C. was held. During the meeting, H.E Ahmad Abdulkarim Mohammad Julfar was elected as the Chairman of the Board of Directors, and H.E Ahmad Abdulla Juma Binbyat was elected as the Deputy Chairman. The decision to nominate the Chairmen and Members of the Board of Directors Committees was postponed.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
The letter is from the Commercial Bank of Dubai P.S.C. to Mr. Hamed Ahmad Ali, the CEO of Dubai Financial Market. It reports on the Annual General Meeting of the bank held on 6th March 2024. Key resolutions from the meeting include the approval of the directors' report, the auditors' report, the Internal Sharia Supervision Committee's report, and the Consolidated Financial Statements for the year ended 31st December 2023. Additionally, a cash dividend distribution equivalent to 50% of the net profit for 2023, totaling AED 1,324,828,187, was approved.