Saudi Arab

Al-Waleed Bin Talal Says “Forgives and Forgets” Ritz Ordeal

Billionaire Saudi Prince Al-Waleed bin Talal says all is forgiven after his three-month detention in a so-called anti-corruption crackdown led by Crown Prince Mohamamd Bin Salman.

The prince, dubbed the Warren Buffett of Saudi Arabia, was released from the now-notorious Ritz-Carlton hotel in early January after an undisclosed financial agreement with the government.

“I am not a person who is going to say I forgive but I don’t forget. I say I forgive and I forget at the same time,” Prince Al-Waleed said in an interview with Bloomberg News published on Tuesday.

“It’s business as usual. We are going to continue investing in Saudi Arabia. I was born in Saudi Arabia, I will die in Saudi Arabia.”

The prince refused to divulge the terms of his release, which he described as a “confidential and secret agreement”.

The agreement had, however, left him free to function normally with “zero guilt” and “zero conditions”, he said.

Al-Waleed was the most high-profile detainee among 350 suspects rounded up since November 4, including business tycoons and ministers, who were held in Riyadh’s luxury Ritz-Carlton.

The prolonged detention of Prince Al-Waleed, ranked among the richest men in the world, had sent shock waves across a host of companies that count him as a major investor.


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