April 30, 2006

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. 

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 Ackermann, 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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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.