Barclays has opened a new office in Riyadh’s King Abdullah Financial District after receiving an operating licence from Saudi Arabia’s Capital Market Authority (CMA).
The licence allows the bank to conduct investment banking and global markets activities in the Kingdom. It builds on the regional headquarters licence Barclays secured in 2025.
Majed Al Hassoun has been appointed CEO and Head of Investment Banking at Barclays Capital Saudi. Based in Riyadh, he will lead the local legal entity, expand its investment banking and markets operations, and serve as the bank’s senior contact with regulators and other market stakeholders.
Al Hassoun will report to Khaled El Dabag, who leads the bank’s regional headquarters and Middle East investment banking activities. He previously served as chief executive of State Street Saudi Arabia.
Barclays has also appointed four other senior executives in Saudi Arabia: Abdulaziz Abdulrahman A. Alshenaifi as Head of Markets, Abdullah AlToukhi as Head of Institutional Coverage, Susheel Jain as Chief Financial Officer, and Abdulrahman Alanazi as Head of Compliance and Money Laundering Reporting Officer.
Talal AlKhereiji has joined the board as an Independent Non-Executive Director, alongside Chairman Mohammed Al-Sarhan.
Source: Fintech News UAE
