You are here

Senior Saudi prince freed in US$1b settlement agreement

Prince Miteb was among dozens rounded up in a purge against graft

Prince Miteb, former head of the National Guard, was seen as the last contender for the throne now occupied by Prince Mohammed.


SENIOR Saudi Arabian prince Miteb bin Abdullah, once seen as a leading contender to the throne, has been freed after agreeing to pay over US$1 billion to settle corruption allegations against him, a Saudi official said on Wednesday.

The 65-year-old son of the late King...

Market voices on: