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Commercial Bank of Dubai

Finance

Commercial Bank of Dubai Overview

Commercial Bank of Dubai (CBD), is one of the UAE’s top 10 largest banks by assets, with over $38 billion.

Established in 1969, CBD evolved from a joint venture to a national pPublic shareholding company by 1982, with 80 percent UAE national ownership and 20 percent owned by the Investment Corporation of Dubai.

CBD offers a diverse range of banking services including wholesale, corporate, retail, SME and private banking.

In recent years CBD has formed key partnerships, including collaborating on e-commerce solutions with fintech firm Postpay in 2022 and with Hewlett Packard Enterprise and Du on enhanced digital capabilities in 2024.

CBD has also formed key alliances with Visa to expand digital payment solutions and with Emirates Development Bank to improve trade services.

CBD strengthened its commitment to sustainability by launching a $500 million Green Bond and joining the UAE Ministry of Climate Change’s Sustainable Companies Pledge, which aligns with the UAE’s 2050 decarbonisation targets.

Additional green measures include the installation of EV chargers at important branches to promote an environmentally friendly future.

Subsidiaries include CBD Financial Services, Noor Almethaq Real Estate Development, Attijari Properties and CBD Employment Services.

Commercial Bank of Dubai News

2HPYETY Shop window inside the Dubai Gold Souk in the Deira district. One of the most popular shopping destinations and gold markets in the Dubai.

GCC investors bank on gold as US-China tensions escalate

Gulf investors are joining the gold rush as they look for a safe haven amid the biggest swings in global markets since the Covid pandemic and the 2008 financial crisis. “Demand for gold in the region remains elevated despite the high price levels, likely a sign of rushing to safety,” Azza Al Habsi, an economist […]

Gauchos on a cattle farm in Paraguay. Banco Continental lends to SMEs in the country's agricultural sector

Opec Fund and Dubai bank partner on Paraguay loan

The Commercial Bank of Dubai has partnered with the Opec Fund for International Development to provide a $50 million syndicated loan to Banco Continental to support lending to small and medium-sized enterprises in Paraguay. The Opec Fund will contribute $25 million from its own resources and Commercial Bank of Dubai will provide a $25 million […]

RAK Properties

RAK Properties sets vision for Ras Al Khaimah development

RAK Properties is planning to launch one project a month for the next year, as Ras Al Khaimah aims to build 40,000 new homes in order to cater to demand, CEO Sameh Muhtadi told AGBI. “Our target of launches is about AED5 billion in 2025,” Muhtadi said. He added that most projects would be located […]

Crowd, Person, People

Hafeet Rail secures $1.5bn loan for UAE-Oman rail link

Hafeet Rail, formerly Oman and Etihad Rail Company, has secured funding of $1.5 billion from a consortium of regional and global banks for the 238km railway network. The $2.5 billion Omani-Emirati railway network project is the first link in a unified regional transport and logistics chain and will link five major ports and various industrial and free […]

People, Person, Backpack

Bad loan provisions drop markedly at UAE banks

Most of the UAE’s top banks have significantly reduced how much they put aside to cover bad loans, in an indication of a generally benign economy and expectations of growth stretching into next year. During April and June this year, banks set aside AED1.3 billion ($350 million) in net loan loss provisions (LLPs) – the […]

Driller Ades Holding upsized its existing syndicate facility through a standby term tranche of $2.7bn

$3bn new funding to propel PIF-backed Ades expansion

Saudi oil and gas driller Ades Holding has secured an additional $3 billion from local and regional banks to support potential acquisitions and organic growth. The Public Investment Fund (PIF)-backed company has upsized its existing syndicate facility through a standby term tranche of $2.7 billion and a revolving credit facility tranche of $300 million. The standby […]

Emirates Airline cabin crew. The Investment Corporation of Dubai owns the airline and has a significant stake in Dubai's biggest bank Emirates NBD

Dubai wealth fund reports record net profit for second year running

Investment Corporation of Dubai, the Dubai government’s main investment unit, has reported a record annual net profit. Earnings were bolstered by higher interest rates and a resurgent aviation sector. ICD owns Emirates and FlyDubai airlines, travel agency Dnata, Emirates National Oil Company (Enoc) and stock exchange operator Borse Dubai.  NewsletterGet the Best of AGBI delivered […]

The sixth phase will see the total production capacity of Mohammed bin Rashid Al Maktoum Solar Park increase to 4,660 MW by 2026

Dewa and Masdar secure funding for sixth phase of solar park

Dubai Electricity and Water Authority (Dewa) and Abu Dhabi’s renewable energy major Masdar have achieved the financial closing of the 1,800-megawatt (MW) sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park. The funding has been jointly provided by Abu Dhabi Commercial Bank, Commercial Bank of Dubai, First Abu Dhabi Bank, HSBC, Standard Chartered […]

Cenomi Said retail

Cenomi Centers gets $1.4bn to support growth plans

Cenomi Centers, Saudi Arabia’s largest shopping mall operator, has secured sustainability-linked financings worth SAR5.3 billion ($1.4 billion) from a consortium of regional banks. HSBC Saudi Arabia led the syndication, with participation from Saudi National Bank, Saudi Awwal Bank, Arab National Bank, Commercial Bank of Dubai, Mashreq Bank, and Qatar National Bank. The new facilities consist […]

Abu Dhabi's Taqa will lead the operation and maintenance of Saudi Arabia's Juranah water reservoir project in Makkah

Taqa secures funding for $444m desalination project

Abu Dhabi National Energy Company (Taqa) has secured finance for its AED1.6 billion ($444 million) low-carbon intensive Shuweihat 4 reverse osmosis seawater desalination project (S4 RO). The project was developed by Abu Dhabi’s Emirates Water and Electricity Company (EWEC) and Spain’s GS Inima, and is funded (71 percent) through debt financing from both local and […]