Saudi's Crown Prince Seizes Power Of Major Companies With Corruption Crackdown

Entertainment (now) 2018-03-14

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According to a report by Business Insider, Saudi Arabia's Crown Prince Mohammed Bin Salman has been quietly gaining control of several major Saudi businesses linked to individuals detained in his recent campaign against corruption. The government has reportedly seized control of the Saudi Binladin Group, the nation's largest construction company, the MBC Group, the largest private media company, as well as a major investment vehicle holding stakes in firms that include Twitter and McDonalds.

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