{"id":115424,"date":"2026-06-01T00:00:00","date_gmt":"2026-06-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/menaplus\/?p=115424"},"modified":"2026-06-01T05:15:52","modified_gmt":"2026-06-01T05:15:52","slug":"is-saudi-arabia-launching-a-crackdown-on-white-collar-crime","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/menaplus\/2026\/06\/01\/is-saudi-arabia-launching-a-crackdown-on-white-collar-crime\/","title":{"rendered":"Is Saudi Arabia launching a crackdown on white-collar crime?"},"content":{"rendered":"

Good morning, wonderful people<\/strong> \u2014 we hope you had a fantastic Eid vacation and are not dreading (too much) the return to the grind. <\/p>\n

We typically start June bracing for companies and governments alike to start throwing <\/strong>buzzer-beaters <\/strong>as the 1H window comes to a close and folks start eyeing summer vacations. We have no clue what to expect this year, with talks for an extended ceasefire with Iran looking set to drag on \u2026 and on<\/a>. <\/p>\n

C-suite execs across the region are hoping things cool soon<\/strong>, setting up a busy fall season for events of all forms, but it\u2019s anyone\u2019s guess what this week will look like \u2014 let alone September. <\/p>\n

MEANWHILE- We\u2019re watching Saudi Arabia for signs the Kingdom is getting serious <\/strong>about clamping down on white-collar crime <\/strong>and corporate malfeasance. The Capital Market Authority has just fined 11 Saudi German Health board and audit-committee members a collective SAR 18 mn over revenue misstated between 2018 and 2021, according to a disclosure<\/a>. The news came only weeks after the Kingdom hauled 17 people \u2014 including current and former board members and execs \u2014 into court over allegations they had manipulated the share price of embattled retailer Cenomi Retail<\/a>. \u2013Patrick<\/p>\n","protected":false},"excerpt":{"rendered":"

Fines at Saudi German Health come just weeks after 17 people were charged in connection with alleged share-price manipulation at Cenomi Retail<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[2604],"tags":[2908,2538,2603,2563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-115424","post","type-post","status-publish","format-standard","hentry","category-opening-note","tag-corruption","tag-enterpriseam","tag-opening-note","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"75137737-214f-4584-9b52-e209eea502cd","order":"2","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"Is a corruption crackdown taking shape in Saudi?","related_issue":[115422],"teaser":"Fines at Saudi German Health come just weeks after 17 people were charged in connection with alleged share-price manipulation at Cenomi Retail"},"yoast_head":"\nIs Saudi Arabia launching a crackdown on white-collar crime? 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