ASSESSMENTS

Saudi Arabia: Making an Example of al-Sanea

Jun 2, 2009 | 21:04 GMT

YASSER AL-ZAYYAT/AFP/Getty Images

Summary

The Saudi government's decision to freeze assets belonging to billionaire businessman Maan al-Sanea, along with several of his family members' assets, appears to be part of an attempt to bolster Saudi Arabia's financial standing and clamp down on a wealthy Saudi family conglomerate that has become a financial liability for the Saudi royals.

The Saudi government's decision to freeze the assets of a prominent billionaire is meant to bolster the kingdom's financial standing....

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