Deutsche Bank appointed as principal paying agent and delegate trustee for the Trust Certificate Issuance Program of Tourism Development & Investment Company P.J.S.C.
London, Deutsche Bank AG London Branch announces its appointment as principal paying agent and delegate trustee for the debut trust certificate issuance program of the Tourism Development & Investment Company P.J.S.C. (TDIC).
TDIC is a master developer of leading tourism real estate assets within Abu Dhabi. The company is charged with assisting the provision of a world-class infrastructure which will fulfil the Emirate’s ambitions of becoming a truly global destination of distinction.*
Mike Hughes, Managing Director and Regional Head of Global Transaction Banking at Deutsche Bank in Dubai said, "Deutsche Bank is very pleased to have been selected by TDIC again to act as principal paying agent and delegate trustee on its debut Sukuk program. Working closely with TDIC we will provide the company and its global investors with Sharia’a compliant support services for the transaction from our regional headquarters in the UAE. We look forward to providing a first class service to TDIC and its international investors.
*Source: www.tdic.ae (October 2009)
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,896 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
About Trust & Securities Services
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, provides fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets.
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