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Saudi’s Crown Prince has been quietly seizing power over major companies owned by people he has arrested





Mohammed bin Salman

  • Saudi Arabia’s Crown Prince Mohammed Bin Salman has quietly seized executive control over several major Saudi businesses linked to officials detained in his corruption crackdown.
  • In several cases, Salman reportedly forced the country’s wealthiest to hand over control of their companies in exchange for their freedom.
  • The 32-year-old Crown Prince’s enhanced power over Saudi businesses is part of his growing consolidation of power in the Kingdom.

Saudi Arabia’s Crown Prince Mohammed Bin Salman has quietly seized executive control over several major Saudi businesses linked to people he detained in his corruption crackdown.

The government has taken control of the country’s largest construction company, Saudi read more >>>

Source:: BusinessInsider.Com

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