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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.
Al Salam Bank has partnered with Mazad Bahrain to introduce innovative financing solutions for purchasing properties through public auctions in Bahrain. This initiative targets individuals, SMEs, and corporate entities, making Al Salam Bank the first in the Kingdom to offer such services. The partnership aims to enhance property ownership processes, improve service efficiency, and support the commercial sector sustainably. Both organizations express their commitment to simplifying auction procedures and fostering Bahrain's investment environment. This collaboration aligns with the Kingdom's vision to boost public-private sector cooperation and improve the real estate market.
The Emirates Islamic Bank P.J.S.C. Annual Report 2024 highlights 20 years of collective progress.