Barclays stock expands Saudi platform with new Riyadh office
Published on 11/11/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSBarclays deepens its Saudi expansion
- Barclays has opened a Riyadh office in the King Abdullah Financial District.
- Majed Al Hassoun will lead Barclays Capital Saudi as chief executive and head of investment banking.
- The local operation is intended to expand investment banking and global markets activities in Saudi Arabia.
Barclays has opened a new office in Riyadh and appointed a local leadership team for its Saudi Arabian business. The announcement, reported by Zawya, follows Barclays' receipt of an operational licence from the Capital Market Authority for investment banking and global markets activities in the Kingdom.
A local platform for Saudi growth
The office is located in Riyadh's King Abdullah Financial District. Barclays said the new base will support corporate, government and institutional clients as Saudi capital markets continue to develop.
Majed Al Hassoun has been appointed chief executive and head of investment banking at Barclays Capital Saudi. He joins from State Street Saudi Arabia and will lead the local legal entity, reporting to Khaled El Dabag, the regional headquarters chief executive and co-chief executive for Middle East investment banking.
Barclays also named 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 joined the board as an independent non-executive director.
What has changed since our last report
The Riyadh opening adds a concrete operating platform to Barclays' earlier regional headquarters licence and moves the Saudi strategy from planned presence toward locally staffed execution. The next investor checkpoint will be whether the operation generates meaningful client activity and revenue without adding disproportionate cost, capital or compliance risk.
Barclays stock traded at 5.20 euros on Lang & Schwarz at 17:08 CET on Wednesday, November 11, 2026, 1.17 percent above the Xetra close of Tuesday, November 10, at 5.14 euros.
Barclays PLC stock facts
- Company: Barclays PLC
- ISIN: GB0031348658
- WKN: 850403
- Xetra symbol: BCY
- Lang & Schwarz quote: 5.20 euros on Wednesday, November 11, 2026, at 17:08 CET
- Change versus Xetra close: 1.17 percent above the Tuesday, November 10, 2026 close of 5.14 euros
- Home market: United Kingdom
The broader UK banking backdrop remains tied to the FTSE 100, where regulation, deposit competition and technology investment shape the sector outlook.
More developments are available in more news and analyses on Barclays stock.
