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Sources Close to Family: Palestinian Billionaire Masri Released by Saudis


A general view of the Arab Bank in Amman, Jordan, Oct. 25, 2017. Sabih al-Masri, the country's most influential businessman and the chairman of Amman-based Arab Bank, returned to his home in Riydah after being detained by Saudi authorities.
A general view of the Arab Bank in Amman, Jordan, Oct. 25, 2017. Sabih al-Masri, the country's most influential businessman and the chairman of Amman-based Arab Bank, returned to his home in Riydah after being detained by Saudi authorities.

Jordan's most influential businessman, the Palestinian billionaire Sabih al-Masri, returned to his home in Riydah after being detained by Saudi authorities and is expected to be allowed to leave the country soon, sources close to the family said on Sunday.

Masri's detention, which follows the biggest purge of the Saudi kingdom's affluent elite in its modern history, has sent shockwaves through business circles in Jordan and the Palestinian territories, where the billionaire has major
investments.

A Saudi citizen of Palestinian origin, Masri is also the chairman of Amman-based Arab Bank, one of the Middle East's largest financial institutions. He was detained last Tuesday hours before he was planning to leave after he chaired meetings of companies he owns, sources said.

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    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

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