Barclays Mulls Over Re-Entering Saudi Arabia After Decade-Long Absence
Barclays(BCS) ZACKS·2024-10-31 22:20
Barclays PLC (BCS) is considering returning to Saudi Arabia as it aims to capitalize on the kingdom’s rising need to access capital markets globally. This was stated by C.S. Venkatakrishnan, the company’s CEO in an interview with Bloomberg.How Barclays Plans to Enter Saudi Arabia?The bank intends to expand its team across the Middle East region, which includes Dubai and Abu Dhabi alongside Riyadh.Earlier this year, Barclays was among the lenders that assisted Saudi Arabia's Public Investment Fund in issuing ...