02:12 AM EST, 11/09/2026 (MT Newswires) -- Barclays (BARC.L) opened a new office in Riyadh, Saudi Arabia, boosting its presence in the country, according to a Monday release. The British banking group also appointed Majed Al Hassoun as chief executive officer and head of investment banking for Barclays Capital Saudi. He was previously the CEO of State Street Saudi Arabia. The British banking group recently secured an operational license for investment banking and global markets activities in the Kingdom.

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