Palestinian billionaire Masri detained in Saudi Arabia - sources - World - News Summed Up

Palestinian billionaire Masri detained in Saudi Arabia - sources - World


A Saudi citizen of Palestinian origin, Masri was detained last Tuesday hours before he was planning to leave after he chaired meetings of companies he owns, according to the sources. He cancelled a dinner in Amman on Wednesday that he had invited board members of Arab Bank and business associates to attend on his return. Arab Bank, which operates in 30 countries and five continents, has an extensive network in Palestinian territories where it is the largest bank. They had sued Arab Bank under the U.S Anti-Terrorism Act, which permits U.S. citizens to pursue claims arising from international terrorism. Masri is also the leading investor in the Palestinian territories with a large stake in Paltel, a public shareholding company, which is the largest private sector firm in the West Bank.


Source: The Star December 16, 2017 17:26 UTC



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