Saraya and Deutsche Bank AG sign strategic and financial advisory agreement

Notes and media contacts

About Saraya
Established in 2005, Saraya Holdings is a real estate development and asset management company, which invests in the travel and tourism industry. Saraya's vision is manifested in turning untapped natural locations into luxurious destinations. Structured in most cases as public-private partnerships, Saraya's destinations seek to maximize shareholder value, support economic growth in host countries, and contribute to local communities' sustainable development.

Through its investment subsidiaries in various countries, Saraya Holdings has already invested in a number of destinations including Saraya Aqaba, currently under construction in the Red Sea resort of Aqaba, Jordan. Other Saraya destinations, currently at various stages of development, include Saraya Bandar Jissah near Muscat in Oman; Saraya Islands in Ras Al Khaimah, United Arab Emirates; Saraya Dead Sea at the Dead Sea in Jordan; Saraya Sochi on the Black Sea in Russia; and Saraya Aktau on the Caspian Sea in Kazakhstan. Saraya's destinations provide a variety of facilities and services including premium hotels, retail space, entertainment, leisure and sport facilities, as well as superb residential units, which preserve natural environments and echo local cultures.

Saraya has also introduced a bouquet of customized services to complement its world-class destinations. These include Saraya Aviation, a private jet charter operation, which will render its services to customers visiting the various Saraya destinations, as well as to businessmen, large corporations, banks and government officials. Saraya Aviation's fleet will allow short and long haul flights, taking off and landing at any Saraya destination and around the world. Services also include Saraya Realty, the exclusive property sale, re-sale and leasing arm of residential units at Saraya's luxurious destinations. Saraya Realty targets end users and second-home owners through a variety of product packages tailored to meet their expectations.

Saraya intends to continue to differentiate itself by introducing more exclusive services in the near future, with the aim of offering an integrated and holistic travel experience to its customers.

For more information on Saraya Holdings, please visit www.sarayaholdings.com.

About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,291 employees in 76 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank's commitment in the MENA region is more than a century old, beginning with what is arguably one of the best known events in economic history: the construction of the Baghdad railway, in which Deutsche Bank participated as financier and operator. Deutsche Bank opened its first office in Cairo in 1959, followed in the early seventies by an office in Bahrain. In 1999, Deutsche Bank embarked on a regional expansion drive across the GCC which began with the opening of an office in the UAE's Capital Abu Dhabi in 1999, followed by two offices in Dubai: a representative office inaugurated in 2001 and a branch at the Dubai International Financial Centre (DIFC) in 2005. In April of 2006, Deutsche Bank opened a branch in the Kingdom of Saudi Arabia, in the capital Riyadh. Most recently in January of 2007, Deutsche Bank received a license from the Qatar Financial Centre Authority to operate from there.

Deutsche Bank AG in the MENA region offers the full range of investment banking: asset management; private wealth management; and global transaction banking services. Deutsche Bank's AG is well recognized for its leading role on some of the most prestigious regional transactions. The Bank is the recipient of several awards for its activities in Islamic Finance, and was proclaimed in 2007 as the Best M&A Bank in the Middle East & North Africa by Global Finance World.

For further information please contact;

From Saraya:
Dimah Khalili, Senior Manager
+ 96 2 6 5505444

From Deutsche Bank:
Oonagh Baerveldt
+ 44 207 547 1605