Bank receives provisional CMA licence and plans Riyadh office to support investment banking and global markets operations.
Barclays PLC said that it is expanding its operations into the Kingdom of Saudi Arabia, marking a significant step in its broader Middle East growth strategy. The bank has received a provisional licence from the Capital Market Authority, enabling it to initiate i nvestment b anking and g lobal m arkets operations in the country once the licence becomes fully active. The new office, located in the King Abdullah Financial District in Riyadh, is scheduled to open in 2026. The move follows