Kingdom Holding, Deutsche Bank boost trade ties

15/05/2011 00:00 AST

Kingdom Holding Company (KHC) Chairman Prince Alwaleed bin Talal has praised the firm’s strong relationship with Deutsche Bank.

Prince Alwaleed's remarks came as he hosted a special dinner in honor of CEO Josef Ackermann of Deutsche Bank, during his visit to Riyadh.

Ackermann was accompanied by a delegation that included Ashok Aram, CEO MENA, Jamal Al-Kishi, chief country officer — Saudi Arabia, Faisal Rahman, co-head corporate and investment banking coverage, Daniel Schmand, managing director, head of trade finance and cash management Corporates-EMEA, and Waleed Fatani, General Manager-Deutsche Bank Riyadh Branch.

Shadi Sanbar, KHC’s CFO, Ali Al-Tabbal, deputy CFO and Nada Al-Sugair, executive director finance and administration, also attended the event.

Prince Alwaleed commented: “KHC’s connection with Deutsche Bank has been and will continue to be key to KHC’s continuing strength and success.”

Deutsche Bank is a major lender to Kingdom Holding Company.

The bank has also served as an adviser and a lender to several KHC investments across the globe.

Sanbar said: “The relationship that Kingdom Holding has had with Deutsche Bank and their teams in Saudi Arabia, the Gulf Region, Europe and North America is extremely professional and their service offering is outstanding.”


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