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A meeting of the Board of Directors of Commercial Bank of Dubai P.S.C. took place on Wednesday, 10th December 2025, at 9:00 a.m. During the meeting, the minutes of the previous meeting held on 22nd October 2025 were approved, and normal business activities were discussed. The information was communicated to Mr. Hamed Ahmad Ali, CEO of the Dubai Financial Market, by Mr. Ahmed Ali Al Jaziri, the Board Secretary. A copy of the correspondence was also sent to the Securities and Commodities Authority.
The letter, dated October 12, 2025, from Ali Abouda, Chief Finance & Operation Officer of Gulf Navigation Holding PJSC, addresses a decline in the company's share price observed from November 24, 2025, to the date of the disclosure. The company clarifies to its shareholders that there is no undisclosed information, operational or technical updates, or significant developments that could have adversely affected the share price during this period. Gulf Navigation affirms that it has disclosed all material information in compliance with applicable laws and Dubai Financial Market (DFM) disclosure requirements, with no pending events or decisions unannounced. The company emphasizes its commitment to transparency and regulatory compliance, promising to disclose any material developments promptly.
Nasdaq Dubai has announced the launch of the New Development Bank's (NDB) USD 50 billion Euro Medium Term Note (EMTN) Programme on its exchange. This initiative is designed to support NDB's mission to fund infrastructure and sustainable development projects in BRICS nations and other emerging economies. The UAE, a member of NDB since 2021, is strengthening its partnership with the bank through this programme. The EMTN Programme, which is also listed on the Financial Conduct Authority's register and the London Stock Exchange, is rated "AA" by Fitch and "AA+" by S&P. It offers NDB a flexible framework to issue debt instruments, enhancing its access to global capital markets. Established in 2015 by BRICS nations, NDB focuses on projects that promote economic growth, social inclusion, and environmental sustainability. The UAE's membership in NDB, with a capital subscription of USD 556 million, boosts the bank's financial capacity and global reach. Monale Ratsoma, NDB's Vice-President and Chief Financial Officer, highlighted that the listing on Nasdaq Dubai provides access to a broad investor base, aiding in the mobilization of long-term capital for development projects and aligning with the bank's strategy to diversify funding sources.