When the Commercial Bank of Dubai opened in 1969 the start was not much more than a dream formed by a collective determination to help build this country.
It began with the vision of the founder of Dubai, His Highness, the Late Sheikh Rashid Bin Saeed Al Maktoum who focused on investing in his people and building Dubai into a modern metropolis. Among his plans, was an official decree that laid the groundwork for the Commercial Bank of Dubai.
The initial banking project was a joint venture between Commerzbank, Chase Manhattan Bank, and the Commercial Bank of Kuwait with minority stakes held by a few UAE businessmen. The decree that established the Commercial Bank of Dubai was issued prior to UAE’s establishment as a country. With the joint venture, CBD began its remarkable story as a bank that grew and prospered along with the growth of the UAE.
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