Deals
Billionaire Alwaleed Hires Deutsche Bank’s Saudi CEO for Deals
- Tamim Jabr is set to join Kingdom Holding later this year
- Firm has stakes in ride-hailing firm Lyft, hotel chain Accor
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Prince Alwaleed bin Talal’s investment firm Kingdom Holding Co. hired Deutsche Bank AG’s chief executive officer in Saudi Arabia as head of international investments, people familiar with the matter said.
Tamim Jabr will join Kingdom Holding later this year, said the people, asking not to be identified because the appointment isn’t public. Jabr was Deutsche Bank’s first hire in Saudi Arabia and had been with the lender for 16 years. Before becoming CEO of Deutsche Securities Saudi Arabia in 2017, he was head of corporate and investment banking in the kingdom.