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800 billion dollars confiscated in Saudi Arabia

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According to the Wall Street Journal, the total number of assets confiscated from adversaries and political rivals of Crown Prince Mohammed Ben Salmane (« MBS ») would probably rise to 800 billion dollars [1].

This sum could increase by a further 550 billion dollars to reach 1 250 billion dollars. However a large chunk of these assets is stationed abroad. This will force Saudi Arabia to enforce its rights.

The current claw back of assets would thus permit the Kingdom to re-establish its financial situation, seriously affected by the persistent drop in oil price.

Translation
Anoosha Boralessa

[1] “Saudis Target Up to $800 Billion in Assets”, Margherita Stancati & Summer Said, Wall Street Journal, November 8, 2017.

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