Dubai: Commercial Bank of International (CBI) successfully completed its Annual General Assembly Meeting (AGM) on April 1, in Ras Al Khaimah.
Commenting on the AGM, CBI’s Chairman Mohammad Sultan Al Qadi said:“Despite challenges facing global economy in 2018, CBI continued to achieve remarkable progress in its efforts towards strategic transformation. The Bank succeeded in achieving sustainable value for its clients and shareholders alike, as it continued to support the growth and development of economy in the UAE.
In the 2019 fiscal year, we will continue to implement our plans to meet the aspirations of our clients and enhance the business profits, which is in line with the economic and development goals set by the UAE Vision 2021.”
About Commercial Bank International (CBI)
CBI is a UAE based corporate and retail bank, with a growing Islamic banking business.
The Bank was incorporated in 1991 in the Emirate of Ras Al Khaimah and is headquartered in Dubai.
CBI shares are listed on the Abu Dhabi Securities Exchange (ADX) and the Bank has a long-term issuer default rating of BBB+ and a short-term issuer default rating of F1 from Fitch Ratings. CBI is regulated by the Central Bank of the UAE and the Securities and Commodities Authority of the UAE (SCA).
CBI is majority owned by UAE shareholders, including the Ras Al Khaimah Government, and Board members are majority UAE nationals, led by our Chairman, Mohammad Sultan Al Qadi.
CBI offers a comprehensive portfolio of banking products, as well as tailor-made financial solutions in corporate, Islamic and retail banking; ranging from lending, trade services, cash management and treasury solutions to personal account services and credit cards.
For further information, please contact:
+971 4 442 6034
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