Saudi Prince Alwaleed in settlement talks with government: sources

Saudi Prince Alwaleed in settlement talks with government: sourcesBy Rania El Gamal and Stephen Kalin DUBAI/JEDDAH (Reuters) – Saudi Arabia’s billionaire Prince Alwaleed bin Talal, detained for over two months in an anti-corruption crackdown, is negotiating a possible settlement with authorities but so far has not agreed on terms, a senior Saudi official said. Prince Alwaleed, whose net worth has been estimated by Forbes magazine at $ 17 billion, is chairman and owner of international investment firm Kingdom Holding <4280.SE>, and one of the country’s most prominent businessmen. A second source familiar with Prince Alwaleed’s case told Reuters on Saturday that the price had offered to make a “donation” to the Saudi government, which would avoid any admission of wrongdoing, and to do so from assets of his own choosing.



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