Key facts
- Barclays said the Riyadh office follows regulatory approval for investment banking and global markets operations in the kingdom.
- Majed Al Hassoun was named CEO and head of investment banking for Barclays Capital Saudi Arabia, per Jin10.
- The office is in Riyadh's King Abdullah Financial District, according to Jin10.
Barclays announced on November 9, 2026 that it would establish an office in Riyadh's King Abdullah Financial District, according to Jin10. The bank appointed Majed Al Hassoun as CEO and head of investment banking for Barclays Capital Saudi Arabia.
The move follows regulatory approval for Barclays to conduct investment banking and global markets operations in the kingdom, Jin10 reported. The primary report said the bank opened the office despite conflict and tensions in the region from the US-Iran war.
Jin10 reported that the announcement came one day after the area was targeted by Houthi attacks. A Bloomberg item on the same subject was blocked by a bot check and carried no readable article text.