Market Chatter: Barclays Mulls Return to Saudi Arabia, CEO Says-February 2024-www.financetom.com

Market Chatter: Barclays Mulls Return to Saudi Arabia, CEO Says

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Market Chatter: Barclays Mulls Return to Saudi Arabia, CEO Says

Nov 3, 2024 12:51 PM

11:58 AM EDT, 10/28/2024 (MT Newswires) -- Barclays ( JJCTF ) is mulling a return to Saudi Arabia with plans to expand in Riyadh, Dubai and Abu Dhabi, Bloomberg reported Monday, citing Chief Executive Officer C.S. Venkatakrishnan.

"We will consider corporate banking work, but investment banking and trading will be the focus" in Saudi Arabia, Venkatakrishnan said in an interview on the sidelines of a Saudi conference, Bloomberg reported.

A decade after an exit, Barclays ( JJCTF ) plans to capitalize on Saudi demand to access capital markets around the world, Bloomberg said.

Barclays ( JJCTF ) didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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