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2026-11-09T00:00:00.000Z

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Barclays opens KAFD site

Barclays opens KAFD site

British bank Barclays has opened its new office at the King Abdullah Financial District in Riyadh, after securing a Capital Market Authority licence to conduct investment banking and global markets activities, following the completion of its regional headquarters licensing in 2025. The bank appointed Majid Al-Hassoon as Chief Executive Officer and Head of Investment Banking at Barclays Capital Saudi Arabia to lead the growth of its business. It also announced the appointments of Abdulaziz Al-Shunaifi as Head of Markets, Abdullah Al-Toukhi as Head of Corporate Coverage, Sushil Jain as Chief Financial Officer, and Abdulrahman Al-Anazi as Head of Compliance. Barclays said Saudi Arabia is a key market in its Middle East strategy and that the office will support its clients as the Kingdom’s capital markets develop.

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