Monday , June 24 2019
Home / World / Saudi corruption settlements will net ‘not significantly less’ than $13 billion in 2019

Saudi corruption settlements will net ‘not significantly less’ than $13 billion in 2019

Riyadh: Saudi Arabia’s finance minister stated on Wednesday that cash settlements from an anti-corruption campaign would net “not significantly less” in 2019 than the 50 billion Saudi riyals collected in 2018.

Saudi Arabia’s Finance Minister Mohammed al-Jadaan said in an interview that construction giant Saudi Bin ladin where the government is stakeholder of the one-third Group, would soon have a “normal board” with family members and representatives of government ownership.

He said that Kingdom’s sovereign wealth  fund, the public Investment fund has no role in ministry owned-company that is managing assets that are seized through settlements with numerous of Saudi elite detained last ear.

Crown Prince Mohammed bin Salman’s wanted transform an oil-dependent economy and therefore he chose to be the part of anti-corruption campaign to lower crude oil prices.

Check Also

Earthquake

Earthquake of 7.5 magnitude hits Indonesia

In Indonesia, an earthquake of 7.5 magnitude struck a remote area in Banda Sea this …

Leave a Reply

Your email address will not be published. Required fields are marked *