According to CoinMeta, more than a decade after withdrawing from the Saudi market, Barclays Bank is setting up offices in Saudi Arabia again. Meanwhile, attacks by Houthi militants are putting heavy pressure on Saudi Arabia's economy and its development vision. The bank announced on Monday that it would establish an office in the King Abdullah Financial District in Riyadh. Just a day before that, the area had been attacked by Houthi militants, and the offices of Saudi Aramco were also hit, with falling debris causing minor damage but no casualties. Barclays Bank stated in a statement that it has appointed Majed Al Hassoun as the CEO of Barclays Capital Saudi and head of investment banking operations. This establishment of an office comes after Barclays obtained permission to conduct investment banking and global market business in Saudi Arabia.