Dubai Comml Bank says not exposed to Saad, Gosaibi

Commercial Bank of Dubai CBD.DU, the emirate's third-largest lender by market value, has no exposure to troubled Saudi firms Saad Group [SAADG.UL] and Ahmad Hamad Algosaibi & Bros, a senior executive said on Tuesday.

"We do not have any exposure to either," John Tuke, deputy general manager for treasury and asset management, told Reuters.

At least five banks in the United Arab Emirates, including Mashreqbank MASB.DU, National Bank of Abu Dhabi NBAD.AD and Abu Dhabi Commercial Bank ADCB.AD, have exposure to the Saudi firms, according to banking sources or the banks themselves.