Commercial Bank of Dubai the first bank to host its AGM at Expo 2020

Commercial Bank of Dubai the first bank to host its AGM at Expo 2020

PHOTO

Dubai: Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, announced that its board of directors and shareholders approved the ordinary and special resolutions during the Annual General Assembly (AGM) held at the Expo Dubai 2020 on 16 March 2022.

CBD was the first bank to host its AGM at Expo 2020 reflecting the Bank’s commitment to support the United Arab Emirates and all its initiatives, as well as celebrate the success of Expo 2020 and provide CBD’s shareholders with the opportunity to further explore the Expo pavilions and offerings.

To further celebrate the occasion, the Bank encouraged all its employees to visit Expo 2020 Dubai and marked the occasion as a CBD EXPO Day by giving employee half day-off and free tickets to the venue. A large number of employees used the opportunity to visit Expo along with their office colleagues and had a memorable time enjoying the various activities and events at Expo 2020.

During the AGM, the Board approved the distribution of 25.88% cash dividend for the year 2021, equivalent to 50% of net profit. Moreover, a review of the year ended 31 December 2021 was presented and the shareholders approved the Bank’s strategic plan, the