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Barclays Opens in Riyadh
British bank Barclays opened its new office at the King Abdullah Financial District in Riyadh on Monday, November 9, 2026, after obtaining a Capital Market Authority license to conduct investment banking and global markets activities, building on its regional headquarters license granted in 2025. The bank appointed Majid Al-Hassoun as chief executive officer and head of investment banking at Barclays Capital Saudi Arabia to lead the growth of its business. It also announced senior appointments across markets, corporate coverage, finance and compliance. The expansion is part of Barclays’ strategy in Saudi Arabia and its commitment to supporting clients as the country’s capital markets develop under Vision 2030.
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