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Barclays Saudi Arabia (BSA) has received its Commencement Letter from the Capital Market Authority (CMA). This now allows BSA to conduct regulated activities in the Kingdom of Saudi Arabia. Specifically, the Letter to Commence Business refers to the following activities: engage in dealing as an agent (excluding margin transactions) and underwriting, managing, arranging, advising, custody (securities custody services).

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Obtaining this licence is the culmination of years of work by the Barclays Capital and Barclays Wealth teams to realise the goal of an on-shore presence in this important country.

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