Saudi Arabia Releases Palestinian Tycoon Sabih Al-Masri

Sabih AlMasri

Ramallah, Palestine                                                                                                                                                                        17 Dec 2017                                                                                                                                                                                      (Anadolu News)

Saudi authorities on Sunday released Palestinian billionaire Sabih al-Masri, the chairman of Jordan’s largest lender Arab Bank, according to two family sources.

Al-Masri was detained in Saudi Arabia on Wednesday for questioning after a business trip to the kingdom, but the sources said he was set free on Sunday.

It remains unclear whether he had left for Amman or was still in Riyadh.

Al-Masri, 80, holds the Saudi and Jordanian nationalities.

He chairs several companies and institutions, most notably the Arab Bank Group.

His detention came one month after Saudi authorities rounded up several princes and businessmen in a major anti-corruption campaign in the oil-rich kingdom.

/ Current Affairs

About the Author

M Ashraf Siddiqui

Editor and publisher Ashraf Siddiqui is a well known Qatar based journalist and a social worker. He has been in Arabian Gulf Peninsula over 4 decades and enjoys rich knowledge on Middle East affairs

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