Sabih al-Masri (Screenshot)
A Palestinian billionaire businessman is embroiled in a Saudi corruption scandal.
By: JNS.org
Sabih al-Masri, a Palestinian billionaire and chairman of the Jordan-based Arab Bank, was arrested last week during a business trip to Saudi Arabia.
Masri’s family confirmed his arrest to Reuters on Saturday. The billionaire was detained regarding “information related to corruption,” Arab media reported.
Contacts close to Masri said he had been warned not to travel to Saudi Arabia, where a sweeping government crackdown on corruption was launched in November.
The 80-year-old Palestinian tycoon, a dual Saudi-Jordanian citizen, is one of Amman’s most influential business figures.
Masri abruptly cancelled a dinner with leading Saudi businessmen and friends on Dec. 12 and “has been answering questions about his business and partners,” according to Reuters.
Reports of Masri’s arrest sent tremors through Jordan, where the businessman has several billion dollars invested in the economy. Masri was elected chairman of Arab Bank in 2012. The Masri family is among the wealthiest Palestinian families, with major holdings in real estate, luxury hotels and telecommunications companies.
Following an investigation launched in 2023, the IDF determined that Haimson was buried in grave…
The U.S. presence in Iraq grew to more than 170,000 troops at the peak of…
Conservative commentator Ben Shapiro said on Fox News that the arguments radical leftists make against…
The U.S. State Department says Israeli troops cannot remain permanently in southern Lebanon under the…
Eurovision has changed its hosting rules, potentially preventing Israel from staging the contest after a…
Jewish tourist attacked twice in central Rome as assailants shout ‘Free Palestine.’