Barclays opens new office in Riyadh and appoints local leadership team

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Barclays has opened an office in Riyadh’s King Abdullah Financial District and, after receiving an operating license from the Capital Market Authority, can conduct investment banking and global markets business in Saudi Arabia. Majed Al Hassoun has been appointed head of the local entity, with four other senior executives joining; the new office’s business will be integrated into the bank’s management structure in the Middle East.