JEDDAH: Thirty-two people have been arrested in Saudi Arabia as part of a corruption investigation into the illegal transfer of SR11.6 billion ($3.1 billion) out of the Kingdom.
Saudi Arabia’s Oversight and Anti-Corruption Authority (Nazaha) is taking legal action against those involved.
An official source at Nazaha said that the authority, with the cooperation of the Saudi Central Bank (SAMA), received information that bank employees received bribes from an organized gang of expats and businessmen to accept cash deposits from unknown sources and then transfer the money out of the Kingdom.
“After conducting field investigations, bank account analysis of the involved commercial entities, and linking them to the customs imports, we found that the deposited cash to the bank accounts of these entities was more than SR11.6 billion and was all transferred abroad,” the source said.
The source added that five expats were arrested while on their way to a bank to deposit more than SR9.8 million in cash.
“Twelve bank employees, seven businessmen, five Saudis, two expats, and a non-commissioned police officer were also nabbed for being involved in bribery, forgery and illegally exploiting their job powers for an illicit financial gain, commercial concealment and money laundering,” the Nazaha source said.
The source said that one businessman set up a number of spurious commercial entities under his own name, and under the names of his wife and son.
According to Nazaha, the businessman opened bank accounts and allowed access to some expats, who used the accounts in exchange for monthly payments. The expats deposited cash from unknown sources and, with the collusion of bank employees, transferred the money abroad.
Bank employees received money and gifts from the expats in exchange for their help, the source said.
The businessman also paid SR300,000 to a noncommissioned police officer, the source said, in exchange for stalling charges against him over suspicious financial dealings that were already under investigation by the police.
“He also paid SR4 million to Saudi mediators for their efforts to stall the same case in the Public Prosecution,” said the source, adding that five other businessmen and a bank branch manager were also detained over similar indictments.
According to the source, a businessman recruited one of the arrested expats and enabled him to work freely inside the Kingdom in exchange for monthly payments.
Talat Zaki Hafiz, founder and member of the Saudi Financial Association, told Arab News: “Since 2017, Saudi Arabia has decided to crack down on corruption and corrupt individuals regardless of who they are or their position in both the government and private sectors.”
He said that a committee set up as part of the crackdown and headed by Crown Prince Mohammed bin Salman has succeeded in returning more than SR100 billion back to the government as well as fixed assets and other money illegally earned by individuals accused of misconduct.
Hafiz believes this “excellent move” by the government will guarantee justice in the Saudi financial system.
“This will also ensure fair dealings in all our government transactions.”
He explained the term “unknown sources” as money that cannot be traced or confirmed by legal and legitimate sources.
Hafiz said that the corrupt individuals pursued different channels to disguise the original source of the “dirty money.”
“They may create artificial businesses, buy fixed assets and financial securities,” he said.
According to Hafiz, SAMA has granted any bank operating in Saudi Arabia the ability to seize provisions when it suspects fraud or wrongdoing.
Saudi legal consultant Dr. Majed Garoub told Arab News that international treaties and agreements allow countries to trace and confiscate money that has been illegally earned or smuggled outside countries.
“There are international cooperation departments in the Ministry of Interior and Public Prosecution that demand such money. This happens in coordination with the Ministry of Foreign Affairs, after, of course, they (prove) the money has been embezzled or taken illegally,” said Garoub.
This can happen only after a court ruling, he added.
Large amounts of money that have been transferred to bank accounts outside the Kingdom could be regained, said Garoub, but only after long and relatively complicated legal and judicial procedures.
“With their efficiency, the Saudi authorities will be able to get the money back,” he said.
Garoub said that the entire process, including the time needed to regain the funds, depends on the country where the money was sent.
“Different countries have different legal regulations and rules,” he said.
Saudi Arabia arrests 32 in $3bn corruption case
https://arab.news/45p7z
Saudi Arabia arrests 32 in $3bn corruption case
- Five people were arrested while trying to deposit SR9.8 million at a bank
- Bank staff among those held over illegal cash transfers, investigators say
King Abdulaziz Library launches Thara Saudi, Athar initiatives
RIYADH: General Supervisor of the King Abdulaziz Public Library Faisal bin Abdulrahman bin Muammar launched the Thara Saudi and Athar initiatives at the third Saudi Tourism Forum in Riyadh.
Through Thara Saudi the KAPL offers a number of programs that contribute to highlighting cultural tourism, while Athar is an interactive platform inspired by one of the pioneering national documentation projects, “The Encyclopedia of the Kingdom of Saudi Arabia.”
Speaking at the launch, Muammar said: “The Thara Saudi Arabia is the initiative through which the library seeks to provide a distinctive cultural tourism experience that reflects the rich and diverse history and culture of the Kingdom and aims to present a sustainable vision that contributes to enhancing local culture in global languages.
“It comes as an expression of the efforts of 40 years of cultural and cognitive work, which created a national legacy and a sustainable impact,” added Muammar.
He said the KAPL also launched the Athar initiative, which represents the historical monuments and landmarks mentioned in the encyclopedia of Saudi Arabia, enabling tourists to discover the Kingdom in an unprecedented way.
This project is designed to enhance the Kingdom’s position as a global destination for cultural tourism, and reflects the great diversity Saudi Arabia enjoys.
Through its pavilion at the Saudi Tourism Forum, which was held from Jan. 7-9 at the Riyadh Front, the KAPL seeks to enhance cultural awareness and provide knowledge content that contributes to highlighting the Saudi national heritage, and encourages the exploration of the Kingdom’s unique cultural destinations.
In November the KAPL launched an initiative to position Saudi Arabia as a top global destination for cultural tourism by attracting visitors worldwide to explore the library’s diverse branches.
This project aligns with the Kingdom’s Vision 2030 by strengthening national identity, fostering cultural exchange, and supporting sustainable development.
Through its efforts, the KAPL seeks to showcase Saudi Arabia’s rich heritage, folk arts, and traditions, while deepening citizens’ connections to their cultural roots and contributing to economic diversification.
Al-Baha almond season flourishes with vibrant blooms
AL-BAHA: Saudi Arabia's southwestern region of Al-Baha transforms into a stunning landscape in winter, with gardens and parks adorned in shades of white and pink blossoms of almond trees.
This year, the almond blossom season in the region is remarkable amid ideal weather conditions fostering dense, vibrant flowers. Local farmers are optimistic about the upcoming harvest, carefully tending to the trees to ensure optimal yield.
Almond cultivation is a longstanding tradition in Al-Baha, playing a vital role in the local economy by creating job opportunities for farmers and promoting agricultural trade. The exquisite almond blossoms also attract tourists, advancing the growth of ecotourism in the region.
The cultivation of almond trees is prevalent throughout the Sarawat Mountains in Al-Baha, as well as in the governorates of Baljurashi, Al Mandaq, and Bani Hassan.
READ MORE: Saudis are still nuts about almonds amid revival in cultivation
A single almond tree can yield about 200 kilograms of nuts each season, farmers say.
The Ministry of Environment, Water and Agriculture branch in Al-Baha has been instrumental in promoting almond tree cultivation by introducing investment opportunities and enhancing farmers' expertise through a range of informative workshops.
Qaisariya Souq: Historic market in the heart of Al-Ahsa
- Dating back to 1822, the 7,000-square-meter souq plays a vital economic role, reflecting Al-Ahsa's historical, cultural, and economic significance, alongside other heritage sites
DAMMAM: Al-Qaisariya Souq, renowned for its historic architecture, narrow covered walkways, and diverse shops, remains a beloved destination for shoppers and heritage enthusiasts, standing as one of the most famous traditional markets in the Arabian Peninsula and a prominent landmark.
Located in central Hofuf in Al-Ahsa Governorate, the market draws residents from across the region and Gulf countries, as well as tourists from around the world, attracted by its unique atmosphere and cultural significance.
The United Nations Educational, Scientific, and Cultural Organization (UNESCO) has recognized its importance by including the market on its World Heritage List in 2018.
Dating back to 1822, the 7,000-square-meter souq features 14 gates and over 422 shops along open-air corridors. Its shops are adorned with carved wooden doors, the walkways are illuminated by lanterns, and the ceiling is crafted from stained wood, while vendors display their wares outside their shops.
Visitors can find a wide variety of products, including clothing, fabrics, abayas, handbags, food, utensils, gold, and handicrafts.
Al-Qaisariya Souq plays a vital economic role, reflecting Al-Ahsa's historical, cultural, and economic significance, alongside other heritage sites like ancient neighborhoods, palaces, towers, mosques, and other traditional markets.
King Faisal Prize announces winners for 2025
- KSU professors, Canadian and Japanese scientists achieving breakthroughs in cellular therapy and carbon nanotubes win coveted prize
- Selection committees held meetings at King Faisal Prize headquarters to select winners in Islamic studies, Arabic language and literature, medicine, and science
RIYADH: The King Faisal Prize 2025 laureates were announced at a ceremony in Riyadh on Wednesday night.
Two King Saud University professors, a Canadian scientist who achieved a breakthrough in cellular therapy and a Japanese scientist doing pioneering work in carbon nanotubes were winners of the most coveted prize in the Arab world.
Announcing the KFP 2025 winners, Dr. Abdulaziz Alsebail, secretary-general of the King Faisal Prize said: “The selection committees of the King Faisal Prize 2025, after meticulous deliberations that were held from Monday to Wednesday, have reached decisions for the prize’s four categories: Islamic studies, Arabic language and literature, medicine, and science. As for the fifth category, the King Faisal Prize for Service to Islam, the announcement will be made at the end of this month.”
The King Faisal Prize for Islamic Studies for 2025 (Topic: Studies of Archaeology in the Arabian Peninsula), was awarded jointly to Professor Saad Abdulaziz Alrashid and Professor Said Faiz Alsaid. Both are Saudi nationals and professors at King Saud University.
Alrashid was awarded the prize for his contribution to the study of Islamic archaeological sites and inscriptions of the Arabian Peninsula, which laid the scientific and methodological groundwork for scholars in this field.
His work has enriched scientific knowledge about Islamic civilization and has become an empirical source for future generations of researchers.
Alsaid was awarded the prize for the originality of his scientific studies, which are based on rich literature and published in several languages. His adaptation of a comparative methodology in studies of inscriptions and ancient writings of the Arabian Peninsula has had a profound impact on understanding the history of the Arabian Peninsula’s civilizations before Islam.
His studies are an important scientific reference for scholars of the history of the Arabian Peninsula and the ancient Near East.
The King Faisal Prize for Arabic Language and Literature (Topic: Studies of Identity in Arabic Literature), was withheld due to the nominated works not reaching the criteria for the prize.
The King Faisal Prize for Medicine (Topic: Cellular Therapy), has been awarded to Michel Sadelain (Canada), Stephen and Barbara Friedman chair and director, Center for Cell Engineering at Memorial Sloan Kettering Cancer Center.
Sadelain has been awarded the prize for his pioneering work in cellular therapy, and in particular for the genetic engineering of immune cells with “chimeric antigen receptors” (CAR-T).
Dr. Sadelain led the team that designed and tested clinically effective and novel CAR-T agents for the treatment of blood cancers.
His group identified CD19 as an effective CAR target and included a CD28 domain in the CAR construct, resulting in strikingly effective clinical responses.
Dr. Sadelain continues to improve CAR-T cell efficacy by devising strategies to overcome treatment resistance. This approach also shows promise in the treatment of autoimmune diseases and solid tumors.
The King Faisal Prize for Science for this year was awarded in physics to Sumio Iijima, a
professor at Meijo University, Japan.
Iijima has been awarded the prize for establishing the field of carbon nanotubes, following his pioneering discovery of carbon nanotubes using electron microscopy. This new class of one-dimensional carbon materials has had a powerful impact on fundamental solid-state physics and material science.
His work has opened new avenues for developing wide-ranging, practical applications in nanotechnology, ranging from electronics to energy storage systems and biomedicine.
The General Secretariat of the King Faisal Prize commended the 2025 laureates and offered thanks to the distinguished members of the selection committees and the experts for their valued contributions.
The selection committees for the prize’s four categories — Islamic studies, Arabic language and literature, medicine, and science — convened at the prize’s headquarters from Monday to Wednesday.
The selection committees included prominent experts, scholars and specialists from 16 countries.
The KFP was established in 1977, and was awarded for the first time in 1979 in three categories — service to Islam, Islamic studies, and Arabic language and literature. Two additional categories were introduced in 1981 — medicine and science. The first medicine prize was awarded in 1982, and in science two years later.
Since 1979, the KFP in its different categories has awarded about 300 laureates to those who have made distinguished contributions to different sciences and causes.
Each prize laureate is endowed with $200,000, a 24-carat gold medal weighing 200 grams, and a certificate inscribed with the laureate’s name and a summary of the work that qualified them for the prize.
Warning of thunderstorms and flash floods in Saudi Arabia for next 4 days
RIYADH: Residents of Saudi Arabia were warned on Wednesday that the country could be hit by thunderstorms and flash floods between now and Sunday.
The General Directorate of Civil Defense advised people to remain sheltered and stay away from canyons.
Many regions can expect medium-to-heavy rain, hail or strong gusts of wind, with a high risk of flooding. Forecasters predict Riyadh, Jeddah, Al-Baha, Asir and Jazan will be among the affected regions, the Saudi Press Agency reported.
