December 2009
Samba Financial Group today announced that they have signed a bilateral Agreement with Deutsche Bank, enabling Samba to provide its corporate customers extended banking services across the world, leveraging Deutsche Bank's highly scalable cash management product suite.

The Agreement was formally signed by Mr. Eisa M. Al Eisa, Managing Director and CEO of Samba Financial Group and Mr. Werner Steinmueller, Global Transaction Banking Head for Deutsche Bank (DB) in Riyadh. As a result of the agreement, Samba's corporate clients will be able to open accounts seamlessly with Deutsche Bank around the world, thereby providing them with extended geographical reach through Deutsche Bank's comprehensive global account services. Importantly, Samba's clients will be able to perform their banking transactions relating to such accounts both online and real time through SambaAccess, Samba's advanced internet banking solution for corporate customers. The Agreement also enables DB corporate clients to open accounts with Samba and perform their transactions relating to such accounts efficiently. This will streamline and expedite client account operations and transactions of both institutions.