Latest news with #KhaledElDabag
Zawya
07-07-2025
- Business
- Zawya
Barclays names Khaled El Dabag and Walid Mezher co-CEOs for Middle East
DUBAI - Barclays has appointed Khaled El Dabag and Walid Mezher as co-CEOs for the Middle East region, it said in a statement on Monday. The two executives will be based in Dubai and report to Stephen Dainton, Barclays Bank's president and head of investment bank management. El Dabag, who joined Barclays in 2014, is the CEO and head of investment banking for the British banking group's Middle East and North Africa (MENA) region, while Mezher has served as its MENA head of markets since 2017. "Bringing together senior leaders from our Investment Banking and Global Markets businesses will help further drive efficiency and collaboration in delivering one bank for our local and global clients," Dainton said in the statement, noting the Middle East is becoming and "increasingly important" region for the bank. (Reporting by Federico Maccioni; Editing by Hugh Lawson)
Zawya
07-07-2025
- Business
- Zawya
Barclays names Co-CEOs of the Middle East
Dubai: Barclays today announces that Khaled El Dabag and Walid Mezher have been named as Co-CEOs of the Middle East region. Based in Dubai, they will report to Stephen Dainton, BBPLC President and Head of Investment Bank Management in their new role. With 25 years of investment banking experience working in Dubai and New York, Khaled is the CEO and Head of Investment Banking for the Middle East and North Africa (MENA). He joined Barclays in 2014 to co-lead the Investment Banking business and has been instrumental in driving the bank's strategy for the region. Walid has served as the Head of Markets for the MENA region since 2017, and overlooks Sales and Origination activities across the Middle East and Africa. Throughout his 19-year career with the bank, he has held numerous leadership roles in Institutional Sales, EFS Solutions, Risk Solutions, and Debt Capital Markets. Khaled and Walid have been working closely together for over ten years and have established strong relationships with the most significant clients and stakeholders in the region. 'As the Middle East continues to play a bigger role in shaping global capital markets and attracting more wealth, the region is also becoming increasingly important to Barclays' overall success and to the execution of our three-year plan.' said Stephen Dainton, BBPLC President and Head of Investment Bank Management. 'Bringing together senior leaders from our Investment Banking and Global Markets businesses will help further drive efficiency and collaboration in delivering one bank for our local and global clients.' Barclays has been present in the Middle East and North Africa for over 150 years, offering best-in-class products and services to corporate, institutional and private wealth clients through its Investment Bank and Private Bank & Wealth Management teams in the region. About Barclays Our vision is to be the UK-centred leader in global finance. We are a diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a leading investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients, and communities. For further information about Barclays, please visit About Barclays Investment Bank Barclays is a leading, diversified bank with comprehensive UK consumer, corporate and wealth and private banking franchises, a best-in-class global investment bank and a strong, specialist US consumer bank. Through these five divisions, we are working together for a better financial future for our customers, clients and communities. The Investment Bank helps money managers, financial institutions, governments, supranational organisations and corporate clients manage their funding, investing, financing, and strategic and risk management needs. For further information about Barclays, please visit our website
Bloomberg
07-07-2025
- Business
- Bloomberg
Barclays Bets on Middle East and Elevates Two Co-CEOs for Region
Barclays Plc elevated a pair of senior leaders to oversee its growing business in the Middle East in a move that shows the region's growing clout both on the global financial stage and within the bank. The London-based lender named Khaled El Dabag and Walid Mezher as joint chief executives for the Middle East, according to a statement. The two will continue to be based in Dubai and will now report to Stephen Dainton, head of investment bank management.
The National
15-04-2025
- Business
- The National
Barclays - growing with the UAE for 50 years and beyond
This year marks 50 years since Barclays opened its first branch in the United Arab Emirates, on the Corniche in Abu Dhabi. Since those early days, only four years after the formation of the UAE, Barclays' history in the country has been intertwined with the development of the Emirates into a vibrant hub for trade, tourism and a flourishing financial centre. The UAE is now the key hub for Barclays in the Middle East, serving Investment Bank and Private Bank and Wealth Management clients. 'Fifty years in the UAE is a testament to the trust our clients continue to place in us,' said Khaled El Dabag, chief executive for the Middle East and North Africa at Barclays. 'Through economic shifts and evolving market dynamics, Barclays has remained a constant banking partner, helping clients navigate complexity and capitalise on opportunities.' A legacy of service Barclays' journey in the Middle East began in 1975 with a comprehensive portfolio of financial services, including corporate banking, retail banking, credit card services, and business banking. After Abu Dhabi, branches in Sharjah, Dubai and Ras Al Khaimah followed in the next four years, creating the foundations for further growth. In the 1980s and 1990s, as trade through Dubai blossomed, Barclays stepped up its investment. Using the UAE as the regional hub for the Middle East, Barclays built a reputation for excellence in financial services in the region, earning multiple awards from Euromoney, EMEA Finance and other leading publications. Barclays launched the Investment Bank and Wealth and Premier offerings in the Dubai International Financial Centre in 2005 and 2007 respectively, stepping up its commitment to institutional and high-net-worth clients and capturing opportunities in emerging wealth corridors from the Middle East to Asia, Africa, Europe and the UK. In 2011, Barclays raised the bar for corporate bond issuance from the UAE as joint bookrunner on a US$3.75 billion triple-tranche offering for a petroleum company, the biggest deal of its kind at the time. Since 2014, Barclays International Corporate Bank has focused on its core strengths – serving large corporate and institutional clients. This focused approach has allowed the bank to meet the growing needs of the UAE's expanding business community with online banking, trade finance and green loans, adding to a full suite of products and solutions. Towards a bright future As Barclays enters its sixth decade in the country, it continues to invest in its UAE capabilities by upgrading, for example, the International Corporate Bank's technology platform with best-in-class capabilities. Barclays has also continuously improved the breadth of its product offering to support global and regional multinational clients, financial institutions and fintechs as they grow within the region. These investments leave the bank well-positioned to support the UAE's continued growth as a hub for trade and investment. As the leading non-US investment bank, Barclays continues to help its corporate and sovereign wealth fund clients access new opportunities, pairing global capabilities with local relationships to deliver high-value financial solutions, advisory, capital markets and investment services. Barclays has acted as one of the joint bookrunners on the US$2 billion initial public offering of Talabat, the largest tech IPO in the world in 2024 and Barclays' first mandate for a listing on the Dubai Financial Market. The continued growth in depth and sophistication of the UAE capital markets is a win-win for the bank and its clients. A wealth of opportunity Barclays Private Bank and International Banking are also strengthening their international proposition to support the UAE's rapid growth as a global wealth management hub. As the UAE strengthens its position as a global financial hub, ultra-high-net-worth individuals and family office clients are seizing opportunities across key wealth corridors linking the Middle East to the UK, Europe, Asia and the rest of the world. With bespoke solutions, deep regional knowledge and global markets insights, Barclays strives to help its clients, their families and the next generation in preserving their wealth and driving long term growth. Supporting our communities Barclays is also helping to uplift communities and create a supportive culture where everyone can thrive. Through the bank's ongoing Citizenship initiatives and with a vibrant group of employee volunteers, Barclays continues to make a positive impact in the UAE by engaging with and providing support and resources where it is most needed in the country. In line with the bank's global employability initiative, the Ebda ('Start') UAE Graduate Employability Programme was launched in 2023 in partnership with Injaz UAE, a non-profit organisation that drives youth education and training in the region. The programme has empowered 60 underprivileged and people of determination Emirati youths with the skills and resources they need to enter the job market. Since 2020, Barclays has also led an ongoing mentoring programme in partnership with international universities, NYU Abu Dhabi and Birmingham University Dubai. To support the UAE's economic growth and strengthening trade relations with the UK, Barclays is partnering with UK Export Finance, the UK government's export credit agency, to provide financial support to UAE-based companies. This synergy will allow UAE companies to grow and scale, while also providing UK businesses opportunities to export to the UAE. Barclays is also a long-standing partner to the British Chamber of Commerce in Dubai and Abu Dhabi, helping to connect and promote UK businesses in the UAE and supporting flagship events. Moving forward together This milestone anniversary is a testament to the strength of the relationships Barclays has developed with its clients, partners, and the community over the past 50 years. These relationships are established on trust, dedication, and a shared commitment to the UAE's continued development. With those foundations firmly in place, the bank remains committed to building on its long-lasting partnerships in the coming decades. Here's to the next 50 years of excellence in the UAE! Milestones: 1975: Barclays first branch in Abu Dhabi 1977-1979: Branch network expansion 2011: Joint bookrunner on the largest corporate bond issue in the region 2013: First major Investment Bank award in the region 2017: Sponsors of UK/UAE cultural initiative 2021: First major Private Bank award for the region 2022: Major cross-border payments award for International Corporate Bank 2023: Sponsors of Cop28 Start-Up Village 2024: Joint bookrunner on the world's largest tech IPO 2025: Celebrating 50 years in the UAE
The National
15-04-2025
- Business
- The National
Growing with the UAE for 50 years and beyond
This year marks 50 years since Barclays opened its first branch in the United Arab Emirates, on the Corniche in Abu Dhabi. Since those early days, only four years after the formation of the UAE, Barclays' history in the country has been intertwined with the development of the Emirates into a vibrant hub for trade, tourism and a flourishing financial centre. The UAE is now the key hub for Barclays in the Middle East, serving Investment Bank and Private Bank and Wealth Management clients. 'Fifty years in the UAE is a testament to the trust our clients continue to place in us,' said Khaled El Dabag, chief executive for the Middle East and North Africa at Barclays. 'Through economic shifts and evolving market dynamics, Barclays has remained a constant banking partner, helping clients navigate complexity and capitalise on opportunities.' A legacy of service Barclays' journey in the Middle East began in 1975 with a comprehensive portfolio of financial services, including corporate banking, retail banking, credit card services, and business banking. After Abu Dhabi, branches in Sharjah, Dubai and Ras Al Khaimah followed in the next four years, creating the foundations for further growth. In the 1980s and 1990s, as trade through Dubai blossomed, Barclays stepped up its investment. Using the UAE as the regional hub for the Middle East, Barclays built a reputation for excellence in financial services in the region, earning multiple awards from Euromoney, EMEA Finance and other leading publications. Barclays launched the Investment Bank and Wealth and Premier offerings in the Dubai International Financial Centre in 2005 and 2007 respectively, stepping up its commitment to institutional and high-net-worth clients and capturing opportunities in emerging wealth corridors from the Middle East to Asia, Africa, Europe and the UK. In 2011, Barclays raised the bar for corporate bond issuance from the UAE as joint bookrunner on a US$3.75 billion triple-tranche offering for a petroleum company, the biggest deal of its kind at the time. Since 2014, Barclays International Corporate Bank has focused on its core strengths – serving large corporate and institutional clients. This focused approach has allowed the bank to meet the growing needs of the UAE's expanding business community with online banking, trade finance and green loans, adding to a full suite of products and solutions. Towards a bright future As Barclays enters its sixth decade in the country, it continues to invest in its UAE capabilities by upgrading, for example, the International Corporate Bank's technology platform with best-in-class capabilities. Barclays has also continuously improved the breadth of its product offering to support global and regional multinational clients, financial institutions and fintechs as they grow within the region. These investments leave the bank well-positioned to support the UAE's continued growth as a hub for trade and investment. As the leading non-US investment bank, Barclays continues to help its corporate and sovereign wealth fund clients access new opportunities, pairing global capabilities with local relationships to deliver high-value financial solutions, advisory, capital markets and investment services. Barclays has acted as one of the joint bookrunners on the US$2 billion initial public offering of Talabat, the largest tech IPO in the world in 2024 and Barclays' first mandate for a listing on the Dubai Financial Market. The continued growth in depth and sophistication of the UAE capital markets is a win-win for the bank and its clients. A wealth of opportunity Barclays Private Bank and International Banking are also strengthening their international proposition to support the UAE's rapid growth as a global wealth management hub. As the UAE strengthens its position as a global financial hub, ultra-high-net-worth individuals and family office clients are seizing opportunities across key wealth corridors linking the Middle East to the UK, Europe, Asia and the rest of the world. With bespoke solutions, deep regional knowledge and global markets insights, Barclays strives to help its clients, their families and the next generation in preserving their wealth and driving long term growth. Supporting our communities Barclays is also helping to uplift communities and create a supportive culture where everyone can thrive. Through the bank's ongoing Citizenship initiatives and with a vibrant group of employee volunteers, Barclays continues to make a positive impact in the UAE by engaging with and providing support and resources where it is most needed in the country. In line with the bank's global employability initiative, the Ebda ('Start') UAE Graduate Employability Programme was launched in 2023 in partnership with Injaz UAE, a non-profit organisation that drives youth education and training in the region. The programme has empowered 60 underprivileged and people of determination Emirati youths with the skills and resources they need to enter the job market. Since 2020, Barclays has also led an ongoing mentoring programme in partnership with international universities, NYU Abu Dhabi and Birmingham University Dubai. To support the UAE's economic growth and strengthening trade relations with the UK, Barclays is partnering with UK Export Finance, the UK government's export credit agency, to provide financial support to UAE-based companies. This synergy will allow UAE companies to grow and scale, while also providing UK businesses opportunities to export to the UAE. Barclays is also a long-standing partner to the British Chamber of Commerce in Dubai and Abu Dhabi, helping to connect and promote UK businesses in the UAE and supporting flagship events. Moving forward together This milestone anniversary is a testament to the strength of the relationships Barclays has developed with its clients, partners, and the community over the past 50 years. These relationships are established on trust, dedication, and a shared commitment to the UAE's continued development. With those foundations firmly in place, the bank remains committed to building on its long-lasting partnerships in the coming decades. Here's to the next 50 years of excellence in the UAE! Milestones: 1975: Barclays first branch in Abu Dhabi 1977-1979: Branch network expansion 2011: Joint bookrunner on the largest corporate bond issue in the region 2013: First major Investment Bank award in the region 2017: Sponsors of UK/UAE cultural initiative 2021: First major Private Bank award for the region 2022: Major cross-border payments award for International Corporate Bank 2023: Sponsors of Cop28 Start-Up Village 2024: Joint bookrunner on the world's largest tech IPO 2025: Celebrating 50 years in the UAE
