Year 2012

February 21, 2012

Deutsche Bank heads German delegation to the Kingdom of Saudi Arabia

A German delegation of 15 Chief Executive Officers from major German Companies concluded today a five-day visit to the Kingdom of Saudi Arabia that included meetings with some of the kingdom’s key political and financial leaders.
The delegation was headed by Jürgen Fitschen, Member of the Management Board of Deutsche Bank AG and some senior Deutsche Bank representatives.

The visit started in Riyadh where they met with Senior Management from key Saudi Companies and authorities including Al Zamil Group, Saudi Industrial Development Fund, Saudi Basic Industries Corporation (SABIC), Ministry of Economy and Planning as well as Saudi Arabian General Investment Authority (SAGIA). In addition, a dinner was held by the German Embassy in Riyadh on the honor of the delegations visit to the Kingdom.

The visit also included a trip to Saudi Arabian Oil Company (ARAMCO) headquarter in Dammam where they met with senior management and had a tour of the Exploration and Petroleum Engineering Section.

Jürgen Fitschen, Member of the Management Board of Deutsche Bank AG, said: “There is a long history of relationship between Germany and Saudi Arabia, that today sees even stronger ties between the two countries. It is our pleasure at Deutsche Bank to organize such trips to strengthen the business relationships between leading companies and government institutions of both countries.”

Jamal Al Kishi, CEO of Deutsche Securities Saudi Arabia said, “Deutsche Bank is deeply committed to support growth opportunities in Saudi Arabia which is a key market for us in the region. We are constantly looking into increasing our penetration by introducing access to additional products and services to specific sectors.”

Deutsche Bank established its Riyadh branch in 2006, and then soon after established a securities subsidiary, Deutsche Securities Saudi Arabia.  The Bank offers the full suite of investment banking services in the Kingdom.


For further information, please call:

Deutsche Bank AG
Michael Lermer
Tel: +49 (0) 173 6503736 
E-Mail: michael.lermer@db.com 


About Deutsche Bank

Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, people and the communities in which it operates.

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