Saudi Arabia freed Prince Alwaleed bin Talal and several of the nation’s most prominent businessmen from detention this weekend. Photo: ReutersLondon: Saudi Arabia remains an attractive destination for investors despite a sudden crackdown on corruption that led to concerns about transparency, according to a top executive at asset-management firm Investcorp Bank BSC. “Saudi Arabia is still a big market in terms of fundraising and investing,” Hazem Ben-Gacem, head of the Bahrain-based firm’s European private equity business, said on the sidelines of the World Economic Forum in Davos. Saudi Arabia freed Prince Alwaleed bin Talal and several of the nation’s most prominent businessmen from detention this weekend, clearing the Ritz-Carlton hotel that served as their jail. Investcorp now has over $21.4 billion assets under management, spread over companies, real estate, alternative investments and credit management.

Source: Mint January 28, 2018 16:07 UTC