After more than a decade away, Barclays said on Monday it will reopen an office
in Riyadh’s King Abdullah Financial District and has appointed Majed Al Hassoun
as CEO of Barclays Capital Saudi and head of investment banking. The
announcement follows a Houthi attack on the district the previous day; ARAMCO
offices were also struck, sustaining minor damage and no casualties. Barclays
said the office move follows a license to conduct investment banking and global
markets business in Saudi Arabia.
