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Ownership Structure and Share Performance

CBD Profile and Ownership Structure

Commercial Bank of Dubai - 1969

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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

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


 

Now - 2015

 

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  • CBD shareholders: Government of Dubai (via the Investment Corporation of Dubai) 20% and UAE nationals 80%. In accordance with CBD’s articles of association, the shares which are listed on the Dubai Financial Market are currently owned and shall be owned by, and may only be acquired by, natural persons having UAE nationality or legal persons or corporations fully owned by UAE nationals.
  • CBD is managed by business segments namely Corporate Banking, Commercial Banking, Personal Banking and Treasury & Investments. As of 30 September 2015, the assets of the Corporate Banking segment and Commercial Banking segment together accounted for approximately AED 34.6 billion, or 64.9% of its total assets.
  • Launched full fledged Islamic Banking, “Attijari Al Islami”, on September 18, 2008 to offer Shari’a compliant banking and financial services.
  • CBD has three wholly-owned subsidiaries;
    • CBD Financial Services LLC (CBDFS), which provides brokerage facilities for local shares and bonds,
    • 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.
  • And an associate (17.8% shareholding) National General Insurance Co. PSC (NGI), which underwrites life and general insurance business as well as certain reinsurance business.

 

Shareholders
Government of Dubai 20%
Al Futtaim Private Co. 10.51%
Orient Insurance PJSC. 8.84%
Abudullah Hamed Al Futtaim 6.95%
Ghobash Trading & Inv. 6.37%
Abdul Wahed Al Rostamani 5.75%
Al Majid Investments 5%
General Public 36.58%

CBD Net Income and Dividend Payout

2010 2011 2012 2013 2014
Net profit 821 822 857 1,010 1,202
Bonus % 5% 10% 25%
Cash dividend % 20% 20% 30% 30% 25%
Bonus issue 0.0 97.1 0.0 203.8 560.5
Cash dividend payout 388.3 388.3 611.5 611.5 560.5
Distribution to profit ratio
Bonus 0.0% 11.8% 0.0% 20.2% 46.6%
Cash dividend payout 47.3% 47.2% 71.3% 60.5% 46.6%
Total payout 47.3% 59.0% 71.3% 80.7% 93.2%

For all Investor Relations and Shareholding related queries, please contact:

 

Abdulla Ahmed Lajam

Email: abdulla.lajam@cbd.ae

Call: 04 212 1412