Deutsche Bank has secured a Regional Headquarters (RHQ) license from Saudi Arabia’s Ministry of Investment (MISA), strengthening its long-term commitment to the Kingdom and reinforcing its strategic presence across the Middle East.
The regional headquarters will be based in Riyadh and will serve as a central platform for Deutsche Bank’s regional management, strategic decision-making, and corporate functions across the Middle East region. The RHQ will be Deutsche Bank’s third legal entity in Saudi Arabia.
It will further enhance the Bank’s ability to support clients across corporate banking, investment banking, and wealth management, while aligning with Saudi Arabia’s Vision 2030 ambitions to strengthen its position as a leading regional financial hub.
Jamal Al Kishi CEO Deutsche Bank – MEA
“Saudi Arabia and the Middle East are a key growth market for Deutsche Bank, and therefore receiving this regional headquarters license marks an important step towards realizing our strategic business expansion targets in the region. Among other things, it enhances our ability to deliver on our Global Hausbank strategy, being a trusted partner to our clients wherever they operate. As a leading global bank with strong European roots and a unique network spanning the globe, we are well-positioned to connect our Saudi and regional clients to opportunities in Europe, Asia, the Americas, and Africa while pursuing the attraction of foreign direct investments into Saudi Arabia and other regional markets.”
Deutsche Bank marks 20 years in Saudi Arabia
According to the statement, the license comes as Deutsche Bank celebrates 20 years of presence in the Kingdom, having established its Riyadh branch in 2006, which operates under a full commercial banking license and is regulated by the Saudi Central Bank (SAMA).
Over the past two decades, the Bank has built a strong and diversified platform in Saudi Arabia, further complemented by Deutsche Securities Saudi Arabia (DSSA), established in 2007 and regulated by the Capital Market Authority (CMA).
