Barclays Opens Riyadh Office & Appoints CEO for Saudi Operations

British banking group Barclays has opened a new office in Riyadh's King Abdullah Financial District (KAFD) and appointed Majed Al Hassoun as Chief Executive Officer and Head of Investment Banking at Barclays Capital Saudi, expanding its investment banking and capital markets operations in the Kingdom.

Announced on November 9th, 2026, the opening follows the bank's receipt of regulatory authorisation from Saudi Arabia's Capital Market Authority (CMA), building on a Regional Headquarters licence secured in 2025. The new office will support Barclays' investment banking and global markets activities, connecting Saudi companies, government entities and institutional investors with its international financial services.

Al Hassoun will oversee the bank's Saudi operations, manage relationships with regulators and key stakeholders, and lead the development of its local investment banking business. He joins Barclays from State Street Saudi Arabia, where he served as CEO, and brings approximately 20 years of experience, including senior investment banking roles at Citigroup and Saudi Fransi Capital. He will report to Khaled El Dabag, Co-CEO and Head of Investment Banking for the Middle East.

Barclays has also appointed Talal AlKhereiji as an Independent Non-Executive Director, joining a board chaired by Mohammed Al-Sarhan. Additional appointments include 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.