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Actionable news in DGLD: VELOCITYSHARESTM 3X INVERSE GOLD ETN LINKED TO THE S&P GSCIR GOLD INDEX ER,

Shares par value CHF 0.04 per share*

Under the Securities Exchange Act of 1934

(Title of Class of Securities)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

1 NAME OF REPORTING PERSONS Olayan International Limited
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION British Virgin Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 125,967,704
6 SHARED VOTING POWER 0
7 SOLE DISPOSITIVE POWER 125,967,704
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 125,967,704
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.93%
12 TYPE OF REPORTING PERSON (See Instructions) OO
1 NAME OF REPORTING PERSONS Olayan Investments Company Establishment
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION Liechtenstein
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 125,967,704
6 SHARED VOTING POWER 0
7 SOLE DISPOSITIVE POWER 125,967,704
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 125,967,704
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.93%
12 TYPE OF REPORTING PERSON (See Instructions) OO
1 NAME OF REPORTING PERSONS Competrol Establishment
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION Liechtenstein
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 125,967,704
6 SHARED VOTING POWER 0
7 SOLE DISPOSITIVE POWER 125,967,704
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 125,967,704
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.93%
12 TYPE OF REPORTING PERSON (See Instructions) OO
1 NAME OF REPORTING PERSONS Crescent Luxembourg S.a.r.l.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 125,967,704
6 SHARED VOTING POWER 0
7 SOLE DISPOSITIVE POWER 125,967,704
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 125,967,704
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.93%
12 TYPE OF REPORTING PERSON (See Instructions) OO
1 NAME OF REPORTING PERSONS Competrol Luxembourg S.a.r.l.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION Luxembourg
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 125,967,704
6 SHARED VOTING POWER 0
7 SOLE DISPOSITIVE POWER 125,967,704
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 125,967,704
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.93%
12 TYPE OF REPORTING PERSON (See Instructions) OO
1 NAME OF REPORTING PERSONS Crescent Holding GmbH
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a) o (b) o
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION Austria
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 125,967,704
6 SHARED VOTING POWER 0
7 SOLE DISPOSITIVE POWER 125,967,704
8 SHARED DISPOSITIVE POWER 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 125,967,704
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) o
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.93%
12 TYPE OF REPORTING PERSON (See Instructions) OO

(b) Address of Issuer’s Principal Executive Offices:

(a) Name of Person Filing, (b) Address of Principal Business Office or, if none, Residence, (c) Citizenship, (d) Title of Class of Securities, (e) CUSIP Number

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.

No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of Shares beneficially owned by the Reporting Persons.

Not applicable. Crescent Holding GmbH, one of the Reporting Persons identified in Item 2 of this Statement, is the Reporting Person which acquired legal title to the Shares.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

OLAYAN INTERNATIONAL LIMITED
By: /s/ Aziz Syriani
Name: Aziz Syriani
Title: Director
OLAYAN INVESTMENTS COMPANY ESTABLISHMENT
By: /s/ Nadim Tabbara /s/ Tawfiq Awwad
Name: Nadim Tabbara Tawfiq Awwad
Title: Authorised Signatory Authorised Signatory
COMPETROL ESTABLISHMENT
By: /s/ Nadim Tabbara /s/ Tawfiq Awwad
Name: Nadim Tabbara Tawfiq Awwad
Title: Director Director
CRESCENT LUXEMBOURG S.A.R.L.
By: /s/ Nabil Moussallem /s/ Eleni Kouletaki
Name: Nabil Moussallem Eleni Kouletaki
Title: Manager A Manager B
COMPETROL LUXEMBOURG S.A.R.L.
By: /s/ Nabil Moussallem /s/ Eleni Kouletaki
Name: Nabil Moussallem Eleni Kouletaki
Title: Manager A Manager B
CRESCENT HOLDING GMBH
By: /s/ Nadim Tabbara /s/ Tawfiq Awwad
Name: Nadim Tabbara Tawfiq Awwad
Title: Managing Director Managing Director

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