Tag Archives: Alwaleed

Saudi billionaire Prince Al-Waleed freed after 'settlement'

Saudi billionaire Prince Al-Waleed freed after 'settlement'Saudi billionaire Prince Al-Waleed bin Talal was released on Saturday after nearly three months in detention following a “settlement” with authorities, as a sweeping anti-corruption campaign targeting the kingdom’s elite winds down. Prince Al-Waleed, dubbed the Warren Buffett of Saudi Arabia, was the most high-profile detainee among 350 suspects rounded up since November 4, including business tycoons and ministers, who were held in Riyadh’s luxury Ritz-Carlton hotel. The prince was released following an undisclosed financial agreement with the government, similar to deals that authorities struck with most other detainees in exchange for their freedom.



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Saudi billionaire Prince Al-Waleed released: associate

Saudi billionaire Prince Al-Waleed released: associateSaudi Arabia released billionaire Prince Al-Waleed bin Talal on Saturday nearly three months after his arrest in an anti-corruption drive targeting the kingdom’s elite, a business associate told AFP. “He (Prince Al-Waleed) is out,” the associate said, requesting anonymity as he was not authorised to speak to the media. Prince Al-Waleed, dubbed the Warren Buffett of Saudi Arabia, was among some 350 suspects rounded up since November 4, including billionaire tycoons and ministers who were detained in Riyadh’s luxury Ritz-Carlton hotel.



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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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Bitcoin is 'Enron in the making', Saudi Prince Alwaleed says

Bitcoin is 'Enron in the making', Saudi Prince Alwaleed saysBillionaire Saudi Prince Alwaleed bin Talal, who owns investment firm Kingdom Holding, expressed skepticism about cryptocurrencies in an interview with CNBC on Monday, warning that bitcoin was like “Enron in the making”. Prince Alwaleed, whose company invests in major U.S. companies such as Citigroup and Twitter, said a lack of regulation made such cryptocurrencies risky. It’s Enron in the making,” he said, referring to the U.S. energy company that filed for bankruptcy in 2001 after revelations of a widespread accounting fraud.



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