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.
Threads
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.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
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.
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 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.
Dubai Financial Market News
News Update From Commercial Bank of Dubai P.S.C.
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.
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.