Deutsche Bank has concluded its first swap agreement on the Saudi stock market, a milestone in the bank's operations in Saudi Arabia.

The trade was executed immediately following the receipt of the final go ahead from Saudi Arabia's Capital Market Authority, the capital market regulator, which very recently took the groundbreaking decision to allow a few authorized entities to trade in shares listed on the kingdom's stock exchange on behalf of foreign investors through swap agreements.

Previously, foreign non-resident investors were only able to access the Tadawul via mutual funds.