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Barclays Re-Enters Saudi Arabia 11 Years After Exiting Business, Plans Riyadh Office
ByAinvest
Monday, Oct 27, 2025 1:44 am ET1min read
Barclays is re-entering Saudi Arabia after 11 years, securing a license to conduct investment banking activities and planning to open an office in Riyadh next year. The move comes as the kingdom prepares to diversify its oil-reliant economy through investments in AI, gaming, and high-tech manufacturing. Barclays aims to provide a connection to the global market and facilitate direct investment and liquidity flows.
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