Riyadh – Sharikat Mubasher: Barclays announced it has opened a new office in Riyadh’s King Abdullah Financial District (KAFD) as part of its expansion in Saudi Arabia and to strengthen its ability to serve clients in the Kingdom.

As per a recent press release, the opening follows the bank securing an operational license from the Capital Market Authority (CMA) to conduct investment banking and global markets activities, building on its Regional Headquarters (RHQ) license obtained in 2025.

As part of its expansion, Barclays appointed Majed Al Hassoun as CEO and Head of Investment Banking at Barclays Capital Saudi. Based in Riyadh, Al Hassoun will lead the local entity and oversee the growth of its investment banking and global markets business.

On this occasion, C. S. Venkatakrishnan, Group Chief Executive of Barclays, said the new office strengthens the bank’s ability to connect Saudi clients with its global business and reinforces its commitment to the Kingdom.

Saudi Arabia is a key market in Barclays’ Middle East strategy, as the Kingdom continues to develop and diversify its capital markets under Vision 2030.