Commercial Bank of Dubai PSC (CBD)

Abu Dhabi – Mubasher: Waha Capital has successfully refinanced its $400 million revolving credit facility with the support of four local and regional banks, according to a press release. The new facility, which holds a three-year tenor, can be …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) witnessed an 18.50% surge in net profit after tax to AED 1.45 billion during the first half (H1) of 2024, compared to AED 1.22 billion in H1-23. Total operating income climbed by 10.10% …

Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …

Dubai – Mubasher: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to a press release. The collaboration …

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) posted higher net profits at AED 700.98 million in the first quarter (Q1) of 2024, versus AED 575.22 million in Q1-23. Total income amounted to AED 1.37 billion in Q1-24, an annual rise of …

Dubai – Mubasher: The Commercial Bank of Dubai’s (CBD) annual general assembly meeting (AGM) has approved the distribution of AED 1.32 billion in cash dividends for 2023. The approved amount is equivalent to 50% of the bank’s net profit last year, …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) logged net profits amounting to AED 2.65 billion in 2023, an annual surge of 45.20% from AED 1.82 billion. CBD registered AED 4.93 billion in total operating income during January- December …

Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), GS Inima, and Emirates Water and Electricity Company (EWEC), concluded the financial process of AED 1.60 billion ($444 million) low-carbon intensive Shuweihat 4 Reverse Osmosis …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) recorded 46.40% year-on-year (YoY) higher net profits at AED 1.93 billion in the first nine months (9M) of 2023, compared to AED 1.32 billion. The UAE lender reported total income worth AED 3.71 …

Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) hit AED 1.22 billion in the first half (H1) of 2023, an annual hike of 41.50% from AED 866 million. The UAE lender registered a total income amounting to AED 2.46 billion in …

Dubai – Mubasher: Commercial Bank of Dubai (CBD) has issued a senior unsecured green bond valued at $500 million for five years. The issuance will be settled on 14 June 2023 and will mature on 14 June 2028, according to a bourse filing. During the …

Dubai – Mubasher: Commercial Bank of Dubai (CBD) witnessed 33.40% year-on-year (YoY) higher net profits at AED 575.22 million in the first quarter (Q1) of 2023, compared to AED 431.33 million. The UAE lender registered a total operating income …

Dubai – Mubasher: The net profits of Commercial Bank of Dubai (CBD) hiked by 25.80% year-on-year (YoY) to AED 1.82 billion in 2022 from AED 1.45 billion. The total operating income stood at AED 3.81 billion in the January-December 2022 period, …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) generated AED 1.32 billion in net profit during the first nine months (9M) of 2022, up 25.80% year-on-year (YoY) from AED 1.05 billion. Meanwhile, the total operating income reached AED 2.71 …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) has logged net profits worth AED 866.38 million in the first half (H1) of 2022, an annual jump of nearly 28.10% from AED 676.05 million. The basic and diluted earnings per share (EPS) rose to …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) has arranged an AED 530 million syndicated financing for Gulf Data Hub (GDH), a data centre facility in Dubai Silicon Oasis. GDH will use the fund in developing its new 12 megawatt (MW) data …

UAE – Mubasher: Dubai International Financial Centre (DIFC) has launched the first Open Finance Lab in the region on Tuesday, 28 June this year, according to a press release. The initiative is a six-month programme in which four banks and a …

Dubai – Mubasher: The net profits of the Commercial Bank of Dubai (CBD) amounted to AED 431.33 million in the first quarter (Q1) of 2022, up 32.6% year-on-year (YoY) from AED 325.02 million, according to the company's consolidated interim …

Dubai – Mubasher: The shareholders of the Commercial Bank of Dubai (CBD) gave the green light for distributing 25.88% of the capital as cash dividends for 2021. The UAE lender will pay a total amount of AED 725.34 million as last year’s dividends, …

Dubai – Mubasher: The net profits of the Commercial Bank of Dubai (CBD) increased by 29.5% to AED 1.45 billion in 2021, compared to AED 1.12 billion in 2020, according to the bank's consolidated financials for the year ended 31 December 2021. The …

UAE - Mubasher: ENBD REIT has refinanced its entire existing debt through a $200 million syndicated Shari’a compliant Murabaha facility with  Emirates NBD and the Commercial Bank of Dubai (CBD). Emirates NBD Capital, the investment banking arm of …

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) reported a 27.5% rise in net profits to AED 676.055 million during the first half (H1) of 2021, compared to AED 530.431 million in the year-ago period, as shown by the bank's consolidated …

Dubai – Mubasher: Ajman Bank and Commercial Bank of Dubai (CBD) have concluded Pakistan's $350 million Murabaha syndicated financing. Both banks acted as initial mandated lead arrangers and bookrunners on the facility for Pakistan acting through …

Dubai - Mubasher: Commercial Bank of Dubai (CBD) has partnered with Network International, a provider of digital commerce services in the Middle East and Africa (MEA) region, to offer merchant clients a pre-approved business loan, the Emirates …