Barclays licensed to establish an office and conduct business in Riyadh
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On November 10, 2026, Barclays opened a new office in the King Abdullah Financial District in Riyadh. The bank received an operating license from the Saudi Capital Market Authority, allowing it to conduct investment banking and global markets business in Saudi Arabia. Majed Al Hassoun was appointed head of the local entity, and four other senior executives joined. The new office’s business will be incorporated into Barclays’ management structure for the Middle East.
AI-written from reports · updated 17 hours ago
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- Fintech News Middle EastBarclays opens new office in Riyadh and appoints local leadership team
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.
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