Barclays is set to resume its investment banking operations in Saudi Arabia, marking a return to the region after more than ten years. The bank has secured a provisional licence and plans to open a new office in Riyadh next year, aiming to establish a significant presence in the city's financial district. This move is described by Barclays as a key part of its strategy to expand in the Middle East, following similar steps taken by other global banks. The expansion will enable Barclays to offer investment banking and global markets services in Saudi Arabia once again.