Commercial Bank of Dubai PSC (CBD) News - Mubasher Info
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03 April 01:29 PM

Commercial Bank of Dubai PSC (CBD)

Last update: 10:00 AM market time.
9.20
0.01
0.11%
Open 9.20
Previous Close 9.19
High 9.20
Low 9.20
Stock Statistics
Volume 50
Turnover 460.00
All data are 15 minutes late during market session

News

The bank’s operating income grew to AED 1.32 billion
11 July 2018 05:21 PM Commercial Bank of Dubai’s profit surges in 6M
Dubai – Mubasher: Commercial Bank of Dubai (CBD) has reported a 69% year-on-year hike in net profit during the first six months of 2018, recording AED 560.77 million. The bank’s operating income grew 1.06% YoY to AED 1.32 billion in H1-18, …
Financial Results
The lender's board also approved the election of Ahmad Abdulkarim Julfar as vice chairman
9 April 2018 11:35 AM CDB appoints Alqutami as chairman
Dubai – Mubasher: The board of Commercial Bank of Dubai (CBD) has agreed on electing Humaid Mohammad Obaid Yousuf Alqutami as the chairman of the board. The lender's board also approved the election of Ahmad Abdulkarim Julfar as vice chairman, the …
Management Decisions
CBD's board proposed AED 560.5 million dividends in February
21 March 2018 09:57 AM CBD’s shareholders cut proposed dividends for 2017
Dubai – Mubasher: Commercial Bank of Dubai’s (CBD) ordinary general meeting reduced the recommended dividends for 2017 to 17.5 fils per share from 20 fils, according to a bourse statement released on Wednesday. In February, the Dubai-listed bank’s …
Cash Dividends
The banks sector levelled down 0.35%
8 February 2018 01:19 PM CBD’s stock plunges 2.44% Thursday
Dubai – Mubasher: Commercial Bank of Dubai’s (CBD) dropped 2.44% on the Dubai Financial Market (DFM) on Thursday by 12:46 pm, UAE time, after 6,500 of the bank’s shares were traded, despite its reported growth in profits in the fourth quarter of …
Trading Activities
The proposed dividends total AED 560.5 million
8 February 2018 10:50 AM CBD's OGM considers AED 560.5m dividends
Abu Dhabi – Mubasher: Commercial Bank of Dubai’s (CBD) ordinary general meeting (OGM) is set to discuss the distribution of 20% of the bank’s capital or AED 0.2 per-share in cash dividends for 2017. The proposed dividends total AED 560.5 million, …
Cash Dividends
Net profit stood at AED 337.2 million in Q4-17
8 February 2018 09:42 AM CBD Q4 profit rises 12%
Dubai – Mubasher: Commercial Bank of Dubai (CBD) on Thursday posted a 12% year-on-year growth in the fourth quarter of 2017. Net profit stood at AED 337.2 million in Q4-17, compared to AED 301.6 million in the same period a year earlier, CBD said …
Financial Results
The UK’s Barclays Bank and J.P. Morgan Securities will arrange the facility
14 November 2017 00:53 PM Unatrac Holding completes $275m credit package
Dubai – Mubasher: Unatrac Holding Limited on Tuesday announced the completion of a $275 million credit package including a $225 million five-year revolving credit facility, along with a $125 million accordion option, and a $50 million one-year …
Companies Investments
The banks sector grew 0.45%
19 October 2017 11:47 AM CBD’s stock at September high on 9M results
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) rose on the Dubai Financial Market (DFM) on Thursday, its first session after disclosing its financial results for the first nine months of 2017. By 12:01 pm UAE time, the stock added 2.56% to …
Trading Activities
CBD’s operating profits rose 14.5% in the first nine months
18 October 2017 06:04 PM CBD sees 54% profit growth in Q3
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) on Wednesday reported a 54% year-on year growth in profits in the third quarter of 2017. The CBD’s profits rose to AED 333 million ($90.65 million) in Q3-17, compared to AED 215.66 million …
Financial Results
Profits totalled AED 172.35 million in the second quarter of 2017
12 July 2017 11:59 PM CBD profits down 30% in Q2
Dubai - Mubasher: The financial statements of the Commercial Bank of Dubai (CBD) showed a decline in net profits by 29.7% year-on-year in the second quarter of 2017, according to a bourse filing. Profits totalled AED 172.35 million ($47 million) …
Financial Results
(Photo Credit: Mubasher)
8 May 2017 03:36 PM CBD not to issue sukuk currently – CEO
By: Amr Adel Dubai – Mubasher: Commercial Bank of Dubai (CBD) has no plan to issue any bonds at the current moment, CEO Bernd van Linder told Mubasher. The bank has a “comfortable” liquidity positions, and no intention to issue any new sukuk or …
Companies Investments
One of CBD's branches (Photo Credit: Arabianeye-Reuters)
24 April 2017 09:05 AM CBD posts lower profits in Q1
Dubai – Mubasher: Commercial Bank of Dubai (CBD) posted a 33.5% year-on-year decline in its profits in the first quarter of 2017, according to a bourse statement. Profits reached AED 160.15 million ($43.59 million) in Q1-17, compared to AED 240.8 …
Financial Results
The bank’s stock fell 4% to AED 4.80 by 12:30am UAE time (Photo Credit: Company Website)
16 March 2017 11:58 AM CBD board approves annual dividends
Dubai – Mubasher: Commercial Bank of Dubai’s (CBD) board approved on 15 March 20% cash dividends, or 20 fils per share, for fiscal year 2016, according to a bourse statement. Total dividend payout amounts to AED 561 million for FY16. The company’s …
General Assembly
Approving this request is subject to regulatory approvals (Photo Credit: Arabianeye-Reuters)
23 February 2017 09:15 AM CBD to discuss GCC ownership mid-March
Dubai – Mubasher: The Commercial Bank of Dubai (CBD) said its shareholders will consider on Wednesday, 15 March, Al Futtaim Group’s request to allow GCC nationals to own up to 40% of the bank’s shares, according to a statement. Approving this …
General Assembly
The dividend payout will have a value of AED 561 million (Photo Credit: Arabianeye-Reuters)
6 February 2017 09:03 AM CBD proposes cash dividend for FY16
Mubasher: The board members of the Commercial Bank of Dubai (CBD) recommended a cash dividend of 20% or 20 fils per share for the fiscal year of 2016. The dividend payout will have a value of AED 561 million, according to a bourse filing issued on …
Cash Dividends
Earnings jumped to AED 298.52 million in Q4-16 (Photo Credit: Arabianeye-Reuters)
6 February 2017 08:37 AM CBD profits soar 93% in Q4
Mubasher: The financial statements of the Commercial Bank of Dubai (CBD) showed a 93% surge in profits during the fourth quarter of 2016 when compared to the same period a year ago. Earnings jumped to AED 298.52 million ($81.25 million) in Q4-16 …
Financial Results
(Photo Credit: Arabianeye-Reuters)
5 February 2017 07:30 AM Three UAE-listed firms to announce financials on Sunday
Mubasher: The UAE stock markets are expected on Sunday the disclosure of the fourth quarter’s financial statements of three listed companies, namely Al Mazaya Holding, GFH Financial Group, and the Commercial Bank of Dubai. Al Mazaya, which is …
Event
Profits retreated by 23.4% in nine months (Photo Credit: Arabianeye-Reuters)
29 January 2017 09:01 AM CBD to discuss financials early February
Mubasher: The Commercial Bank of Dubai (CBD) will hold its board meeting on 5 February to consider the financial statements of the fiscal year 2016, according to a bourse statement issued on Sunday. During the first nine months of 2016, profits …
Financial Results
Total assets reached AED 1.9 trillion ($160.6 billion) by the end of September 2016 (Photo Credit: Arabianeye-Reuters)
12 December 2016 08:13 AM Nine UAE listed banks’ assets up 9% by Q3
Abu Dhabi – Mubasher: Total assets of nine UAE listed banks rose 9.01% year-on-year by the end of the third quarter of 2016, according to a report by Truth Economic Consultancy. The report mentioned six Abu Dhabi-listed banks which are National …
Companies Investments
CBD headquarter (Photo Credit: Arabianeye-Reuters)
8 November 2016 08:51 AM CBD appoints new CEO
Dubai –Mubasher: Commercial Bank of Dubai (CBD) said its board approved the appointment of Bernd Van Linder as the new CEO, according to a statement. Linder occupied the position of the General Manager Treasury of Saudi Hollandi Bank before …
Board of Directors
CBD profits reached AED 215.66 million ($58.69 million) in Q3-16 (Photo Credit: Arabianeye-Reuters)
27 October 2016 09:02 AM CBD profits down 29% in Q3
Dubai – Mubasher: Commercial Bank of Dubai (CBD) posted a 29.4% year-on-year decline in its profits during the third quarter of 2016, according to a bourse statement. Profits reached AED 215.66 million ($58.69 million) in Q3-16, compared to AED …
Financial Results
CBD’s Viability Rating (VR) was affirmed at 'BB+' (Photo Credit: Arabianeye-Reuters)
31 July 2016 08:27 AM Fitch affirms Commercial Bank of Dubai's credit ratings
Dubai – Mubasher: Fitch Ratings has affirmed the UAE-based Commercial Bank of Dubai's (CBD) long-term and short-term Issuer Default Ratings (IRD) at 'A' and 'F2' respectively, with a ‘Stable’ outlook. CBD’s Viability Rating (VR) was affirmed at …
Ratings
Loss provision also increased to AED 288.7 million in H1-16- (Photo Credit: Arabianeye-Reuters)
17 July 2016 09:07 AM CBD profits down 22% in Q2-16
Dubai – Mubasher: The Commercial Bank of Dubai’s (CBD) profits fell 22.2% in the second quarter of 2016 to AED 245 million ($66.69 million) compared to AED 314.8 million ($85.69 million) in Q2-15, according to a bourse filing. The bank’s profits …
Financial Results
the Bank’s liquidity ratios remained stable (Photo Credit: Arabianeye-Reuters)
12 July 2016 09:22 AM CI affirms Commercial Bank of Dubai’s ratings
Mubasher: Capital Intelligence Ratings (CI Ratings) today announced on Monday that it has affirmed the Financial Strength Rating (FSR) of UAE’s Commercial Bank of Dubai (CBD) at ‘BBB+’. The rating was based on the CBD’s good profitability, solid …
Ratings
One of CBD's branches (Photo Credit: Bank Website)
3 July 2016 09:01 AM Dubai’s CBD closes $450m facility
Dubai-Mubasher: Commercial Bank of Dubai (CBD) closed a $450 million loan on 27 June for general corporate purposes, according to a bourse statement on Sunday. The three-year facility replaces a transaction of the same amount and duration …
Banking and Finance