AL AZIZIA COMMERCIAL I NVESTMENT COMPANY
DEUTSCHE BANK AND AL AZIZIA COMMERCIAL I VESTMENT COMPANY AG REE TO
ESTABLISH A JOINT VENTURE TO PROVIDE INVESTMENT BANKING SERVICES
RIYADH, SAUDI ARABIA 12 April, 2005 – Deutsche Bank (XETRA: DBKGn.DE / NYSE: DB)
and Al Azizia Commercial Investment Company (ACIC) signed on Monday April 11, 2005, a
joint proposal for the establishment of an investment banking joint venture to provide equities
brokerage and other investment banking services in the Kingdom of Saudi Arabia.
HRH Prince Alwaleed bin Talal bin Abdulaziz Al Saud, Chairman of ACIC, signed the
agreement for ACIC while Mr. Anshu Jain, Co Head of the Corporate and Investment Bank and
Group Executive Committee Board Member at Deutsche Bank, signed the agreement on behalf
of Deutsche Bank.
Deutsche Bank and ACIC will join forces to lead investment banking activities in the Kingdom
under the new Capital Market law. The joint venture intends to provide world-class financial
services to the business community and offer new opportunities to investors in the Kingdom of
Saudi Arabia. The establishment of the Capital Market Authority in 2004 has paved the road for
international investment banks to enter the arena, support the Saudi economy and enhance the
flow of capital to the Kingdom.
HRH Prince Alwaleed: “We are delighted at the joint venture with Deutsche Bank, we envisage
it to be promising and fruitful.”
Mr. Jain said, "Deutsche Bank is honored to be the first foreign bank licensed to operate in
Saudi Arabia. Our local partnership with ACIC reflects Deutsche Bank's continuing commitment
to developing our presence in investment banking services in the Kingdom and throughout the
ACIC is owned by prominent Saudi business groups led by HRH Prince Alwaleed bin Talal bin
Abdulaziz Al Saud,
• El-Seif Engineering and Contracting Est.
• Savola Group
• Abdul Qadir Al Mohaideb Co. & Sons
• Al Olayan Saudi Investment Company
• Mr. Ma'an Bin Abdul Wahid Al Sanie
• Mr. Khalifa Bin Abdul Mohsin El-Seif
• Saudi Bin Ladin Group Company Ltd
• Mr. Saleh Bin Ali Bin Saud Al Sagri
For further information, please contact:
Stephanie Smart +44 20 7545 2908 (London)
Ronald Weichert +49 69 910 38664 (Frankfurt)
Al Azizia Commercial Investment Company
Taher Agueel, TA Financial Consultancy +966 2 621 5926
About Deutsche Bank
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described in detail in our SEC Form 20-F of 24 March 2005 in the section "Risk Factors." Copies of this document are
readily available upon request or can be downloaded from www.deutsche-bank.com/ir.