Finance
Barclays Considers Re-Entering Saudi Arabia a Decade After Exit
- Bank plans to expand teams across Dubai, Abu Dhabi and Riyadh
- Lender helped Saudi’s PIF with sterling bond sale this year
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Barclays Plc is considering re-entering Saudi Arabia as it looks to capitalize on the kingdom’s growing need to access capital markets around the world.
The lender plans to grow its team across the Middle East region, including in Dubai and Abu Dhabi in addition to Riyadh, Chief Executive Officer C.S. Venkatakrishnan said in an interview on the sidelines of the kingdom’s Future Investment Initiative.