Qatar Royal Family Now Deutsche Bank’s Biggest Shareholder

According to the Financial Times, Qatar’s al-Thani family increased their stake in the German lender via two investment groups: Paramount Services Holdings and Supreme Universal Holdings. The royals first bought into Deutsche Bank in 2014 when then-chief executive Anshu Jain persuaded them to invest as part of an €8bn (£6.8bn, $9bn) capital raising. Shares in Deutsche Bank have more than halved over the past year and hit an all-time low of €11.38 on 7 July. The exact timing and price of the share purchase was not disclosed. As of August 2015, the family held a 6.1% stake in the bank via the two investment groups. Both investment groups now hold just under 5%, ahead of BlackRock which holds roughly a 6% stake.