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Article: Global News: Deutsche And ACIC Team Up For Joint Venture In Saudi Arabia.

Article from:
The Banker
Article date:
May 1, 2005
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Deutsche Bank and Saudi Arabia's Al Azizia Commercial Investment Company (ACIC) signed a joint proposal, in mid-April, for the establishment of an investment banking joint venture. Together, the two intend to provide equities brokerage and other investment banking services in the Kingdom of Saudi Arabia.

Prince Alwaleed bin Talal bin Abdulaziz Al Saud, chairman of ACIC and a prominent global investor with significant stakes in Disney and Citigroup, signed the agreement for ACIC while Anshu Jain, co-head of the corporate and investment bank signed for Deutsche Bank.

Deutsche Bank and ACIC will join ...

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