Prince Alwaleed offers support to Saudi crown prince’s reform agenda

      Published on Sunday, 15 July , 2018      495 Views     
Prince Alwaleed offers support to Saudi crown prince’s reform agenda


Saudi Arabian billionaire Prince Alwaleed bin Talal has pledged his support to Crown Prince Mohammed bin Salman and his sweeping Vision 2030 reform plan.

Prince Alwaleed said in a tweet on Thursday: “I was honoured to meet with my brother HRH the Crown Prince and to discuss economic matters and the private sector’s future & role in #Vision2030 success. I shall be one of the biggest supporters of the Vision through @Kingdom_KHC & all its affiliates.”




He also posted a photograph of the two men smiling warmly and embracing in front of a desk.

It was the first publicly disclosed meeting between the royal cousins since Prince Alwaleed was released in January after being detained the previous November in Riyadh’s Ritz Carlton hotel for three months under Crown Prince Mohammed bin Salman’s anti-corruption campaign.

Prince Alwaleed was the most high-profile figure to be detained, along with dozens of royals, senior officials and businessmen. Most were released after reaching financial settlements with the authorities. The kingdom’s attorney general Sheikh Saud al-Mojeb said a total of $106.7bn was raised in the crackdown.

The financial details of the deal cut by Prince Alwaleed to secure his release are not known. Prior to his arrest Forbes had estimated his net worth at $17.4bn.

Most of that figure was down to his 95 percent stake in Kingdom Holding, over which he has thought to have retained control following his release.



Crown Prince Mohammed’s any-corruption drive was part of the sweeping Vision 2030 plan to move the kingdom away from its reliance on oil revenues and liberalise the country’s economic and social landscape.

Keywords:
Category King | 2018/07/15 latest update at 7:00 PM
Source : Arabian Business | Photocredit : Google
496 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Saudi Arabia Today would like to give all of its readers from Gulf and Saudi Arabia and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Saudi Arabia Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Saudi Arabia, the Gulf and the world.


Sponsored Publications



Custodian of the Two Holy Mosques receives GCC Secretary General King

Custodian of the Two Holy Mosques receives GCC Secretary General

The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received here today the Secretary…

Saudi Arabia Underlines Harmony with UAE for Interests of their People, Region King

Saudi Arabia Underlines Harmony with UAE for Interests of their People, Region

The Saudi cabinet hailed on Tuesday the visit paid to the United Arab Emirates last week by Crown…

Saudi king hosts CIA chief Gina Haspel for talks King

Saudi king hosts CIA chief Gina Haspel for talks

Saudi Arabia’s King Salman hosted the Central Intelligence Agency’s director Thursday, state media said, after three people were…

Saudi Arabia, Palestinians Agree on Joint Business Council Events

Saudi Arabia, Palestinians Agree on Joint Business Council

Saudi Arabia and the Palestinians agreed on Thursday to establish a joint economic committee and a business council,…

GULF TV

Popular in GULF TV

PIRELLI “DREAMING” – THE CAL 2019 making of Full Version | Fashion Channel

2578 Views

A photographic tale of the aspirations of four women and their determination to achieve their goals, each one…

Latest videos in GULF TV

175 Views

THE WITCHER

Events

Lifestyle

Culture

Sport

Science & Technology

Government