DUBAI, July 24, 2012 /PRNewswire/ --

Saxo Bank (Dubai) Ltd., the Middle East branch of Saxo Bank, the online trading and investment specialist, has launched a competition to celebrate the launch of the iPad® trading app after the holy month of Ramadan.

The Saxo Bank Ramadan Competition runs in connection with the start of Ramadan this past Sunday, 22 July.

To enter the competition, investors are invited to estimate the EURUSD rate on 1 October, 2012. All bids must be placed on the competition website by 20 August in order to win one of two iPads with Saxo Banks forthcoming iPad trading app. Winners will be announced after 1 October.

Having recently received Apple's approval for the SaxoTrader for iPad® app, Saxo Bank will commence the global rollout of the product distributed through the Apple App Store over the next weeks. The current Saxo Bank iOS apps will be upgraded to include the newly developed iPad® optimised trading platform.

Jakob Beck Thomsen, Regional head of Middle East and CEO Saxo Bank (Dubai) Ltd., said:

"Saxo Bank was the first Scandinavian bank to establish its presence in the GCC region, and our Dubai office continues to take a larger share of the Bank's total earnings. Saxo Bank appreciates the blend of modern and ancient cultures and traditions that you find in the GCC region and the Saxo Bank Ramadan Competition is our way of celebrating both the Bank's new iPad® app and this special time of worship and spiritual reflection."

About Saxo Bank (Dubai) Ltd

Saxo Bank (Dubai) Limited is a wholly owned subsidiary of Saxo Bank A/S. Saxo Bank (Dubai) Limited is pleased to offer access to Saxo Bank A/S's award-winning trading platforms here in the Middle East. Saxo Bank (Dubai) Ltd is regulated by the Dubai Financial Services Authority (DFSA) and services Professional Clients only.

About Saxo Bank

Saxo Bank is a leading online trading and investment specialist. A fully licensed and regulated European bank, Saxo Bank enables private investors and institutional clients to trade FX, CFDs, ETFs, Stocks, Futures, Options and other derivatives via three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application available in over 20 languages. Saxo Bank also offers professional portfolio and fund management through Saxo Asset Management who accommodates high-net worth private clients and institutional investors and provides banking services and advice to retail clients through Saxo Privatbank. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East, Latin America and Australia.

SOURCE Saxo Bank (Dubai) Ltd.