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Maroc Maroc - WN.COM - Business - 27/Oct 10:53

Barclays secures Saudi licence, plans Riyadh office by 2026

Dubai: Barclays PLC has confirmed plans to expand its Middle East operations after receiving a provisional licence from Saudi Arabia’s Capital Market Authority (CMA). The approval allows the bank to prepare for launching Investment Banking and Global Markets activities in the Kingdom once final regulatory clearance is granted. Barclays has already secured office space in King Abdullah Financial District (KAFD) and aims to open a full Riyadh office by 2026. The move is part of the bank’s broader regional expansion and aligns with Saudi Arabia’s Vision 2030, which targets transforming the country into a leading global investment hub. Also...

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