Saudi public prosecution bureau arrests and prosecutes coronavirus rumor monger

Saudi public prosecution bureau arrests and prosecutes coronavirus rumor monger
The person shared and produced content on social media about COVID-19 deemed by authorities to be rumors. (Reuters)
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Updated 18 March 2020

Saudi public prosecution bureau arrests and prosecutes coronavirus rumor monger

Saudi public prosecution bureau arrests and prosecutes coronavirus rumor monger
  • The public to seek information from official sources only

RIYADH: The Saudi Bureau of Investigation and Public Prosecution arrested a person who shared and produced content on social media, including rumors and news from unknown sources, about the novel coronavirus (COVID-9), affecting public order.

“By examining digital evidence and information identifiers, the suspect has been arrested, interrogated and charged with producing COVID-19 rumors and news from unknown sources that affect public order and undermine trust in the strength and immunity of the precautionary and preventive measures taken by the competent authorities,” a bureau source said.

The individual’s file has been referred to the relevant court, the source added, with the possibility of five years’ imprisonment and a fine of SR3 million ($800,000), in addition to confiscation of equipment used for the offense according to Article 6 of the Saudi Anti-Cyber Crimes Law.

The source highlighted that this penalty also affects everyone who participated in said crime by agreement, assistance or incitement, and all those who produced, prepared, sent or stored anything that might affect public order through the internet or a computer.

On the subject of the virus, the source urged the public to seek information from official sources only, to reference them, and fully cooperate with coronavirus-related decisions and instructions issued by the relevant authorities in order to avoid criminal liability.
 

 


Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied
Yazeed Al-Humied
Updated 40 min 8 sec ago

Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied

Yazeed Al-Humied is the newly appointed head of Local Holdings Investments at the Saudi Public Investment Fund (PIF).

From October 2016 until December 2020, he was the PIF’s chief of staff, managing the fund’s relationships and creating strategic partnerships locally and internationally.

He also managed internal institutional and investment projects to ensure they were completed on time and met quality standards and developed a governance model for PIF portfolio companies while monitoring their performance.

On top of his new role, Al-Humied will contribute to the PIF as a member of various permanent committees including those responsible for management, and portfolio company nomination.

In addition, he sits as chairman of the National Security Services Co., vice chairman of both the Samba Financial Group and the Saudi Stock Exchange (Tadawul), and is a board member of Saudia airline, the Saudi Civil Aviation Holding Co., and Saudi low-cost carrier flyadeal.

Al-Humied joined PIF as an adviser to the fund’s governor in 2015. In his one-year advisory role, he was responsible for the restructuring, strategy crafting, and posting of PIF’s reallocation to the Saudi Council of Economic and Development Affairs.

He started his career in 2004 with multinational professional services company PricewaterhouseCoopers and four years later joined the Capital Market Authority (CMA) where he headed mergers and acquisitions.

Al-Humied gained a bachelor’s degree in accounting from Riyadh’s King Saud University in 2004 and he is also an alumnus of the London Business School’s corporate finance modular program.