The shares of the Commercial International Bank, which is trading in the Abu Dhabi Financial Market, rose by 3.78% during trading on Thursday, to circulate at the price of 0.76 dirhams per share, coinciding with the issuance of the results of the first quarter.
188,000 shares of Commercial International Bank were traded at that time, with a value of trading 142.52 thousand dirhams.
The highest price for the share at that time was at 0.77 dirhams per share during the session, while the lowest price was at 0.74 dirhams.
The shares of the Commercial International Bank listed in the Abu Dhabi Securities Market registered a remarkable increase, coinciding with the bank’s announcement of positive financial results during the first quarter of 2025, where its profits increased by 16% on an annual basis, to reach 41.7 million dirhams, compared to 35.9 million dirhams during the same period in 2024.
In terms of annual performance, the bank achieved a growth in net profits by 31% during the year 2024, as profits amounted to 201.2 million dirhams, compared to 153.9 million dirhams in 2023.
The bank also achieved great gains from selling financial assets during 2024, at a value of 190.2 million dirhams, compared to 7.9 million dirhams in the previous year.
During the first half of 2024, the profits increased before the tax was held by 14% to 89.9 million dirhams, compared to 78.9 million dirhams in the same period in 2023.
According to the bank, this growth is due to the application of a number of strategic initiatives that included the expansion of digital banking services, and the focus of operations on meeting the needs of customers, as well as a studied approach in risk management.
