Barclays to Re-enter Saudi Arabia
Barclays is preparing to re-establish its physical presence in Saudi Arabia after more than a decade away.
The London-based bank said it had secured a provisional licence from the kingdom’s Capital Market Authority, clearing the way for it to launch investment banking and global markets operations once final approvals are granted.
Saudi Arabia is central to our Middle East growth strategy and we are very excited to support the kingdom’s growth ambitions under its Vision 2030
said chief executive CS Venkatakrishnan.
Additionally, JPMorgan deploys AI for staff reviews, and Bunq gains US approval to offer stock trading.
- Barclays re-enters Saudi Arabia after decade-long absence
- JPMorgan uses AI for staff reviews
- Bunq approved for US stock trading
Author's summary: Barclays returns to Saudi Arabia after 10 years.
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