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Deutsche Bank opens branch in the Kingdom of Saudi Arabia

United Arab Emirates: Tuesday, May 09 - 2006 at 10:29
PRESS RELEASE

Deutsche Bank today officially opened its Saudi Arabian branch in Riyadh at a ceremony attended by Dr Josef Ackermann, Chairman of the Management Board and the Group Executive Committee at Deutsche Bank and numerous local dignitaries.

Deutsche Bank has had a presence in the Middle East since 1914 and the new branch will offer the full range of investment banking, asset management and private wealth management services.

Dr Josef Ackermann, Chairman of the Management Board and the Group Executive Committee at Deutsche Bank, who officially inaugurated the new office, commented,

"Saudi Arabia has the largest economy in the Middle East and we recognise that the region is becoming a crucial international market. Deutsche Bank is delighted to be opening our own branch in the Kingdom and we look forward to working with the local businesses to develop our franchise in the region further."

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Notes and media contacts

For further information and photos of the event, please call:

Hossam El Ayouti
+9662 6061160
Promoseven Weber Shandwick

Elaine Bartleet
+44 7740 052 771
Press & Media Relations
Deutsche Bank

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 Euro 992 billion in assets and 63,427 employees, Deutsche Bank offers unparalleled financial services in 73 countries 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.

Posted by Lara Lynn Golden, News Editor
Tuesday, May 09 - 2006 at 10:29 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

This article was updated on Mon Nov 20 2006.

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Deutsche Bank opens branch in the Kingdom of Saudi Arabia

Deutsche Bank today officially opened its Saudi Arabian branch in Riyadh at a ceremony attended by Dr Josef Ackermann, Chairman of the Management Board and the Group Executive Committee at Deutsche Bank and numerous local dignitaries.

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