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CBD to discuss GCC ownership mid-March

CBD to discuss GCC ownership mid-March
Approving this request is subject to regulatory approvals (Photo Credit: Arabianeye-Reuters)
CBD
CBD
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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 request is subject to regulatory approvals.

The shareholders will also discuss granting the board all administrative and legal authorities to implement the decision.