Barclays plans Riyadh office more than a decade after Saudi retreat
Barclays said it would establish an office in Riyadh’s King Abdullah Financial District, returning to Saudi Arabia more than a decade after retreating from the market. The bank appointed Majed Al Hassoun as chief executive officer and head of investment banking for Barclays Capital Saudi. The planned opening follows its receipt of a license to conduct investment banking and global market activities in the kingdom.