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Saturday, November 28 - 2009

Deutsche Bank concludes landmark trade on Saudi stock exchange

Deutsche Bank announced today that it has concluded its first swap agreement on the Saudi stock market (Tadawul), a milestone in the bank's operations in the Kingdom of Saudi Arabia.

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The trade was executed immediately following the receipt of the final go ahead from Saudi Arabia's Capital Market Authority (CMA), the capital market regulator, which very recently took the groundbreaking decision to allow a few authorized entities to trade in shares listed on the kingdom's stock exchange on behalf of foreign investors through swap agreements.

Previously, foreign non-resident investors were only able to access the Tadawul via mutual funds.

Deutsche Bank is conducting all swap agreements through its subsidiary in the kingdom, Deutsche Securities Saudi Arabia.

Jamal Alkishi, CEO of Deutsche Securities Saudi Arabia, said:
"This is a momentous occasion for Deutsche Bank as a whole, and specifically for our operations in Saudi Arabia - the largest equity market in the middle east and one of the most important emerging markets. We are very proud of this achievement as we have worked long and hard at putting in place the ideal infrastructure and mechanism to grant access to our international clients."


Saudi Arabia's stock market is the 11th largest in the world.

Deutsche Bank opened its first branch in Riyadh in 2006. In 2007, Deutsche Securities Saudi Arabia, a subsidiary of Deutsche Bank was granted a license by the Capital Market Authority of Saudi Arabia to offer brokerage and custody services, as well as arranging, advising and providing investment funds management.
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Notes and media contacts

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 80,253 employees in 75 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.

For further information, please contact:

Mary Khamasmieh
Media Relation Specialist
Buchanan Middle East
A WPP Company
P.O. Box 282032 Dubai, UAE
Tel: 971 4 3698581
Fax: 971 4 3698556

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