Word: saud
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Nobody would think the worse of him if Prince Alwaleed bin Talal bin Abdul Aziz al Saud joined the selling stampede. The tumbling value of Citicorp alone has cost him, as the banking company's largest shareholder, $640 million by the time the clock strikes noon on Wall Street. But to Alwaleed the only question is: At which precise moment should he strike? He and his advisers have spent six months studying 40 companies. Now prices are becoming more of a bargain by the second. So many stocks, so little time. Alwaleed sits elbows up at a cockpit-style desk...
...Prince's ultrarich uncles, the eldest sons of Ibn Saud, who rule Saudi Arabia today, have accumulated their wealth mainly by diverting huge sums, directly or indirectly, from the government's extravagant oil revenues. As a Riyadh businessman puts it, Alwaleed's branch of the Saud family tree has always been considered a little smoother and a little straighter than the rest. His father Talal, a former Ambassador to France, was one of the "free princes" who demanded democratization and went into temporary exile during the troubled 1953-64 reign of King Saud. Alwaleed's mother, Princess Mona...
Saudi Arabian Prince Amr Bin Mohamed Al Faisal Al Saud described the investment process: "We go through a primary specification before we enter anything where-by we ask the question, 'Is this permissible or not?' If it is permissible, then we go through the assessment that any bank would...
...Saud, whose billionaire family owns a number of Middle Eastern banks, said that in Islamic finance, man must submit to the divine...
...incident is another in a series of embarrassments for a Saudi government that has increasingly staked its legitimacy on its role as the guardian of the Holy Places. "King Fahd now carries the title 'Custodian of the Two Holy Mosques,' an important element of legitimacy, given that the Saud family were basically conquerors of the tribes of the Arabian peninsula and have never permitted an election," notes TIME's Scott MacLeod. "King Fahd has spent billions on vast and opulent expansion projects in Mecca and sister city Medina, partly out of vanity and party to show the Muslim world...