Commercial Bank of Dubai and Siemens Energy Partner on AED 550M Trade Finance Deal

Commercial Bank of Dubai (CBD), a leading UAE financial institution, has partnered with Siemens Energy, a global leader in energy technology. Under this collaboration, CBD has extended an AED 550 million bilateral credit facility to Siemens Energy LLC in the UAE. This funding will empower Siemens Energy to execute its growing portfolio of projects, reinforcing CBD’s commitment to delivering customized financial solutions that drive business expansion.

Enhancing CBD’s Market Position

This financing agreement marks a significant milestone for CBD, strengthening its foothold in the energy sector through an alliance with a globally renowned industry leader. It also underscores CBD’s expertise in structuring large-scale financial transactions, positioning the bank as a preferred partner for multinational corporations. By facilitating such strategic investments, CBD continues to cement its reputation as a key enabler of business growth in the UAE.

“CBD is pleased to extend this bilateral credit facility to Siemens Energy, a key player in the energy sector,” said Dr. Bernd van Linder, CEO at Commercial Bank of Dubai. “This partnership demonstrates our financial strength and ability to support leading global corporations in their growth ambitions while reinforcing our position as a trusted banking partner in the UAE.”

“Financial resilience and strategic flexibility are essential to delivering on our commitments and advancing the energy transition,” said Robert McAnally, Head of Treasury and Corporate Finance at Siemens Energy. “This facility enhances our ability to navigate a dynamic industry and support the evolving energy landscape, particularly in the Middle East - one of the world’s fastest-growing energy markets.”

Alignment with Strategic Vision

CBD’s partnership with Siemens Energy aligns with its long-term strategy to enhance market presence by supporting industry leaders with tailored financial solutions. By backing Siemens Energy LLC’s expansion, CBD not only reinforces its role as a trusted banking partner but also enables the energy firm to seize emerging opportunities across the region.

Commitment to Economic Development

The energy sector remains a vital contributor to the UAE’s economic progress. CBD’s collaboration with Siemens Energy LLC reflects its dedication to fostering key industries that drive innovation and sustainability. Through such strategic financial initiatives, CBD continues to play a pivotal role in supporting the nation’s economic transformation.