Deutsche Bank gains new Saudi licence in push to expand

Deutsche Bank secured a regional headquarters license in Saudi Arabia, enabling access to major government and state-linked contracts as Riyadh encourages multinationals to expand in Riyadh. The move is a positive incremental development for the bank’s regional business prospects, but is unlikely to be market-moving on its own.

Analysis

Deutsche Bank secured a regional headquarters license in Saudi Arabia, enabling access to major government and state-linked contracts as Riyadh encourages multinationals to expand in Riyadh. The move is a positive incremental development for the bank’s regional business prospects, but is unlikely to be market-moving on its own.