Deutsche Bank Expands Into Saudi Arabia With New Brokerage Business

With the launch of a new brokerage business on Tadawul, Saudi Arabia's stock exchange, Deutsche Bank continues the expansion in to the country it began April 30 when it opened its first branch in the country. The expansion marks the

By None June 1, 2006 12:00 AM GMT

With the launch of a new brokerage business on Tadawul, Saudi Arabia’s stock exchange, Deutsche Bank continues the expansion in to the country it began April 30 when it opened its first branch in the country.

The expansion marks the first time a broker from outside the region earned full membership in the Gulf Cooperation Council.

Deutsche Bank has been broadening its interest in Saudi Arabia, and recently won a mandate, allowing it to advise in the coming IPO of Al Khozama, KFF’s real estate holding company.