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

      Published on Sunday, 15 July , 2018      13 Views      Comments Add Comment
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
14 Views
Comments Add comment



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


Latest Comments


King Salman: Iran creates chaos devastation in the region Gulf TV, Saudi Arabia

King Salman: Iran creates chaos devastation in the region

SaudiArabia’s King Salman said that #Iran creates chaos and devastation in the region, interferes in surrounding countries’ internal…

Saudi Arabia King Salman meets president of Niger at Riyadh palace King

Saudi Arabia King Salman meets president of Niger at Riyadh palace

King Salman met the President of Niger, Mahamadou Issoufou, at his palace in Riyadh on Monday. The leaders held talks on boosting…

King Salman unveils $35.6 billion project for industrial city King

King Salman unveils $35.6 billion project for industrial city

Boosting the country’s mining infrastructure, Saudi Arabia has unveiled a SAR 86 billion ($35.6bn) project, Wa’ad Al Shamal,…

King Salman First Time Speaks About Jamal Khashoggi Gulf TV, Saudi Arabia

King Salman First Time Speaks About Jamal Khashoggi

King Salman First Time Speaks About Jamal Khashoggi

GULF TV

Popular in GULF TV

Turkey Seeks Arrest of Two Saudi Crown Prince MBS Allies Over Khashoggi

209 Views

Turkey Seeks Arrest of Two Saudi Crown Prince MBS Allies Over Khashoggi

Latest videos in GULF TV

Events

Lifestyle

Culture

Sport

Science & Technology

Government