Investor Relations

Stay up to date with the latest financial information and news from Commercial Bank of Dubai. Our Investor Relations section provides a wealth of information for shareholders, analysts, and anyone interested in our financial performance.

View Financial statements

2024

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2023

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2022

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(AGM)

The Board of Directors of Commercial Bank of Dubai is delighted to invite all the shareholders to attend the Annual General Assembly Meeting to be held at 4.30 p.m. on Wednesday 6 March 2024 at its Head Office, 9th Floor, Al Ittihad Street, Port Saeed, Deira, Dubai, with the opportunity to attend the AGM Online / remotely, participate, ask questions and vote at the meeting resolutions using your smartphone, tablet, or computer.
For all Financials and Investor Relations queries, please contact us on: investor.relations@cbd.ae

Basel III – Pillar III Disclosures

Our Pillar III report provides detailed information on our risk management practices and capital adequacy. It is an important source of information for investors and analysts interested in our risk profile and capital position.

2024

Q1:

2023
2022

Ownership Structure and Share Performance

CBD History
  • Commercial Bank of Dubai - 1969

Public Shareholding Company by an Emiri Decree issued by His Highness the late Sheikh Rashid Bin Saeed Al Maktoum and owned by three foreign banks (Chase Manhattan, Commerzbank & Commercial Bank of Kuwait) whose combined shareholding was 78%.

  • Commercial Bank of Dubai - 1982

With the introduction of restrictions on foreign banks’ operations in the UAE, CBD converted into a national Public Shareholding Company.

Current Ownership Structure
  • CBD shareholders: 20 percent of the issued share capital of CBD was registered in the name of the ICD on behalf of the Government of Dubai. Of the balance of 80 percent, which constitutes the free float of CBD’s equity, there are five shareholders each holding in 5 percent or more of CBD’s share capital. These shareholders are Al Futtaim Private Co. LLC, Orient Insurance PJSC, Abdulla Hamad Al Futtaim, Abdul Wahed Al Rostamani AWR Group and Ghobash Trading & Investment Company LLC. In accordance with CBD’s articles of association, the shares which are listed on the Dubai Financial Market are currently owned by UAE nationals and the general public. CBD opened its shareholding to foreign nationals up to a total of 40% of the total shareholding in 2020 after receiving all regulatory approvals.

  • CBD is managed by business segments namely Institutional Banking, Corporate Banking, Personal Banking and Treasury & Investments.

  • Launched full fledged Islamic Banking window, “CBD Al Islami”, on September 18, 2008 to offer Shari’ah compliant banking and financial services.

  • CBD has seven wholly-owned subsidiaries; CBD Financial Services LLC (CBDFS), which provides brokerage facilities for local shares and bonds, CBD Employment Services One Person Company LLC , which supplies manpower services , Attijari Properties LLC, which provides services for self-owned property management, CBD (Cayman) Limited, which is a special purpose entity (SPE) established for any future issuance of debts securities, CBD (Cayman II) Limited, which is a special purpose entity (SPE) established to transact and negotiate derivative agreements, VS 1897 (Cayman) Limited, which is a special purpose entity (SPE) established to manage investment acquired in settlement of debt and Noor Almethaq RealEstate Development LLC, which provides development of real estate. CBD also has one associate company, National General Insurance Co. PJSC (“NGI”). NGI underwrites all classes of life and general insurance business as well as certain reinsurance business.

CBD Net Income and Dividend Payout
201720182019202020212022
Net profit1,001.91,162.11,400.21,120.11,450.5 1,825.0
Bonus %0.0%0.0%0.0%0.0%0.0%6.5% 
Cash dividend %17.5%20.7%20.7%20.0%25.9%26.0% 
Bonus issue0.00.00.00.00.0 182.5
Cash dividend payout490.5580.2580.2560.5725.3730.1 
Distribution to profit ratio
Bonus0.0%0.0%
0.0%0.0%0.0% 10.0%
Cash dividend payout49.0%49.9%
41.4%50.0%50.0%40.0% 
Total payout49.0%49.9%41.4%50.0%50.0%50.0%

Credit Rating

 


Long TermShort TermOutlook

creditrating
April 2023

A-F2Stable

Long TermShort TermOutlook

creditrating
October 2023

Baa1A3Stable

 

 

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