{"id":635039,"date":"2018-01-31T04:19:56","date_gmt":"2018-01-31T04:19:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/saudi-reaches-settlement-agreements-worth-a-collective-sar-400-bn-in-corruption-crackdown\/"},"modified":"2018-01-31T04:19:56","modified_gmt":"2018-01-31T04:19:56","slug":"saudi-reaches-settlement-agreements-worth-a-collective-sar-400-bn-in-corruption-crackdown","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/saudi-reaches-settlement-agreements-worth-a-collective-sar-400-bn-in-corruption-crackdown\/","title":{"rendered":"Saudi reaches settlement agreements worth a collective SAR 400 bn in corruption crackdown"},"content":{"rendered":"

Saudi reaches settlement agreements worth a collective SAR 400 bn in \u2018corruption crackdown\u2019: <\/strong>Saudi Arabia will be collecting SAR 400 bn (c. USD 107 bn) from settlement agreements it has reached so far with businessmen who were detained on corruption charges, a statement from the country\u2019s Center for International Communication<\/a> said yesterday. The amount is made up of \u201cvarious types of assets, including real estate, commercial entities, securities, cash and other assets\u201d and heralds the release of those without sufficient evidence against them and others who admitted to the allegations brought against them<\/strong>. Some 56 out of 381 businessmen detained in Crown Prince Mohammed bin Salman\u2019s move<\/a> will remain in custody pending investigations into other criminal charges, Saudi\u2019s General Prosecutor, Sheikh Saud Al Mojeb, has decided. Kingdom Holding\u2019s Alwaleed bin Talal had been released earlier this week<\/a> after agreeing to settle.<\/p>\n

In other news from the Kingdom, Saudi Aramco\u2019s CEO Amin Nasser tells the Nikkei Asian Review<\/a> that the company is looking to expand its Asian footprint <\/strong>with new investments in China and India.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi reaches settlement agreements worth a collective SAR 400 bn in \u2018corruption crackdown\u2019: Saudi Arabia will be collecting SAR 400 bn (c. USD 107 bn) from settlement agreements it has reached so far with businessmen who were detained on corruption charges, a statement from the country\u2019s Center for International Communication said yesterday. The amount is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635039","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"f685b47f-af1a-4d64-8003-62b7fc1e4273","order":"0","is_powered_by":true,"section_story_id":"026c060f-5c62-4278-9bd8-3472fbb0649f","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635018],"teaser":"","voice_url":""},"yoast_head":"\nSaudi reaches settlement agreements worth a collective SAR 400 bn in corruption crackdown - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/31\/saudi-reaches-settlement-agreements-worth-a-collective-sar-400-bn-in-corruption-crackdown\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi reaches settlement agreements worth a collective SAR 400 bn in corruption crackdown\" \/>\n<meta property=\"og:description\" content=\"Saudi reaches settlement agreements worth a collective SAR 400 bn in \u2018corruption crackdown\u2019: Saudi Arabia will be collecting SAR 400 bn (c. 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Authorities have already agreed to drop charges against about 90 suspects, who were released, Attorney\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631539,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/21\/what-were-tracking-on-21-march-2018\/","url_meta":{"origin":635039,"position":1},"title":"What we\u2019re tracking on 21 March, 2018","author":"enterpriseam admin","date":"21 March 2018","format":false,"excerpt":"Random thought of the morning: Don\u2019t underestimate the amount of cash Egyptians have squirrelled away under mattresses. From a Reuters piece on Al Futtaim saying it will be committing additional investment to Egypt (details in Speed Round, below): \u201cThe company is expecting sales [in Egypt] this year to reach EGP\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634975,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/30\/kingdom-holdings-stocks-recover-after-prince-alwaleeds-release\/","url_meta":{"origin":635039,"position":2},"title":"Kingdom Holding\u2019s stocks recover after Prince Alwaleed\u2019s release","author":"enterpriseam admin","date":"30 January 2018","format":false,"excerpt":"Shares in Alwaleed bin Talal\u2019s Kingdom Holding quickly recovered to their position prior to Saudi Arabia\u2019s corruption crackdown began in November, Bloomberg reports. \u201cKingdom Holding rose 2.5 percent to 10.29 riyals on Monday, exceeding the level it was trading at before Saudi Arabia shocked investors with the arrest of dozens\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636142,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/21\/saudi-authorities-continue-to-question-arrest-individuals-in-corruption-crackdown\/","url_meta":{"origin":635039,"position":3},"title":"Saudi authorities continue to question, arrest individuals in corruption crackdown","author":"enterpriseam admin","date":"21 December 2017","format":false,"excerpt":"The Great MBS Purge rolls on: Saudi Arabian authorities are questioning more people and freezing more bank accounts as part of its anti-corruption crackdown which saw princes and officials arrested, Bloomberg reports, citing people familiar with the matter. 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