CBD to discuss GCC ownership mid-March

Dubai – Mubasher: The Commercial Bank of Dubai (CBD) said its shareholders will consider on Wednesday, 15 March, Al Futtaim Group’s request to allow GCC nationals to own up to 40% of the bank’s shares, according to a statement.

Approving this request is subject to regulatory approvals.

The shareholders will also discuss granting the board all administrative and legal authorities to implement the decision.

Mubasher Contribution Time: 23-Feb-2017 07:12 (GMT)
Mubasher Last Update Time: 23-Feb-2017 07:39 (GMT)