Saudi corruption settlements will net "not significantly less" than $13 bln in 2019 -minister

Saudi Minister of Finance Mohammed al-Jadaan speaks during a news conference in Riyadh, Saudi Arabia December 18, 2018. (Reuters)
Updated 19 December 2018
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Saudi corruption settlements will net "not significantly less" than $13 bln in 2019 -minister

  • Mohammed al-Jadaan also said that construction giant Saudi Binladin Group would soon have a "normal board" with family members and representatives of government

RIYADH: Saudi Arabia's finance minister said on Wednesday that cash settlements from an anti-corruption campaign would net "not significantly less" in 2019 than the 50 billion Saudi riyals ($13.3 billion) collected in 2018.
Mohammed al-Jadaan also said in a Reuters interview that construction giant Saudi Binladin Group, in which the government took a roughly one third stake under the campaign, would soon have a "normal board" with family members and representatives of government ownership.
He added that the kingdom's sovereign wealth fund, the Public Investment Fund, has no role in a ministry-owned company that is managing assets seized through settlements with dozens of Saudi elite detained last year under the corruption purge.


First group of Sundanese pilgrims arrives in Jeddah

Updated 34 min 29 sec ago
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First group of Sundanese pilgrims arrives in Jeddah

  • Jeddah Islamic Port will receive pilgrims until Aug. 6 and more than 266 personnel will be involved in overseeing this year’s Hajj season
  • The president of the Saudi Ports Authority (MAWANI) and other dock officials greeted 1,633 pilgrims as they disembarked at Jeddah Islamic Port following their voyage from Sawakin, Sudan

JEDDAH: Saudi Arabia has welcomed the first group of Sudanese Hajj pilgrims to arrive in the Kingdom by sea.
The president of the Saudi Ports Authority (MAWANI), Saad bin Abdul Aziz Al-Khalb, and other dock officials greeted 1,633 pilgrims as they disembarked at Jeddah Islamic Port following their voyage from Sawakin in Sudan.
Al-Khalb said the operational plan prepared for this year’s Hajj aimed to receive 22,000 pilgrims through Jeddah Islamic Port, a 37 percent increase on 2018. He added that 22 trips using four ferries were planned, representing a 29 percent rise in the number of sea journeys on the previous year.
The authority, in cooperation with different government sectors and agencies, aims to ensure Hajj pilgrims’ comfort during their stay in the Kingdom.
Jeddah Islamic Port will receive pilgrims until Aug. 6 and more than 266 personnel will be involved in overseeing this year’s Hajj season. These workers will include maritime pilots, ship captains, technical and operational supervisors, security teams, staff responsible for operations at the station, and technical affairs managers.