Barclays Plc will move its Africa headquarters in Dubai back to Johannesburg in a move that may affect 123 employees.
Staff will be given the chance to relocate or leave the bank before the Dubai office closes at the end of the year.
Barclays Africa headquarters was based in South Africa until 2006 when it was moved to Dubai.
The lender’s made a series of job cuts in its UAE operations last year as it moved to downsize its retail unit and focus on its investment business.
From: Arabian Business