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Saudi Arabia expects to collect $13B in settlements, RE assets this year

Saudi Arabia expects to collect $13B in settlements, RE assets this year

Saudi Arabia’s corruption crackdown, where hundreds were detained in Riyadh’s Ritz-Carlton hotel for weeks, is over in some senses, but now the government is looking to collect on the deals made between the detained business leaders and officials. The government estimates it will collect about $13 billion in cash, real estate and corporate assets from the various detainees by the end of the year, according to The Financial Times. The country’s new portfolio made up […]


Source: realdeal

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