Commercial Bank of Dubai’s (CBD) shareholders have approved the opening of up to 40 percent of the bank’s capital to non-UAE Nationals ownership.

The bank said in a statement that the decision is subject to obtaining the necessary approvals from the relevant regulatory authorities.

CBD’s shareholders also approved the distribution of 20.7 percent cash dividends, amounting to 580.17 million dirhams for the year 2019.

(Writing by Gerard Aoun; editing by Seban Scaria)

(gerard.aoun@refinitiv.com)

#FINANCIALSERVICES #EQUITIES #BANKING #DUBAI #UAE

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