London and Riyadh, May 1, 2006

Deutsche Bank and Saudi Basic Industries Corporation announce landmark US$1 billion Murabaha transaction


Deutsche Bank and Saudi Basic Industries Corporation (SABIC) announced today the signing of a US $1 billion Shariah-compliant Murabaha transaction.

The five-year transaction, where Deutsche Bank is acting as sole arranger and bookrunner, represents a key milestone in the increasing penetration of Shariah-compliant transactions for major entities in the region. 

"This landmark Islamic transaction is the result of significant work done by SABIC and Deutsche Bank, allowing SABIC to obtain globally-competitive funding while at the same time ensuring first class structuring, documentation and execution, further promoting the development of Shariah-compliant structures as a major financing option" says Yassine Bouhara, Head of Global Market Equity and Head of Global Markets - Middle East North Africa at Deutsche Bank."

Deutsche Bank is a leader in providing innovative, Shariah compliant asset and liability products for capital raising and investments.

 

For further information, please call:

Deutsche Bank
Stephanie Smart  
(44) 20 7545 2908
Press and Media Relations


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.

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