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Saad owns 923 vehicles, including trucks, buses and cars, according to the sources who had seen the list provided to authorities, while al-Sanea has 26 vehicles, including a Rolls Royce, a Hummer, and Cadillac Concord.
The sale does not include the 750-bed Saad Specialist Hospital in Khobar, which the government is in talks with private companies to run, or foreign assets owned by al-Sanea or Saad.
S.-Russian deal to eliminate Assad's chemical weapons. The kingdom has informed the United States of its actions in Syria, and diplomats say it has respected U. requests not to supply the groups with advanced weaponry that the West fears could fall into the hands of al Qaeda-aligned groups.
He suggested it was a ruse to let Obama avoid military action in Syria.'The current charade of international control over Bashar's chemical arsenal would be funny if it were not so blatantly perfidious. Obama an opportunity to back down (from military strikes), but also to help Assad to butcher his people,' said Prince Turki, a member of the Saudi royal family and former director of Saudi intelligence. also failed to support Saudi during the Bahrain uprising," the source said. Most of the Saudi central bank's net foreign assets of 0 billion are thought to be denominated in dollars, much of them in U. Representative Chris Van Hollen, a member of the U. House of Representatives' Democratic leadership, told Reuters' Washington Summit on Tuesday that the Saudi moves were intended to pressure Obama to take action in Syria.'We know their game.
The businessman -- in 2007 he was ranked by Forbes as one of the world's 100 richest people -- was detained by authorities late last year for unpaid debt dating back to 2009 when his company, Saad Group, defaulted on debts.
Saudi Arabia's intelligence chief is vowing that the kingdom will make a 'major shift' in relations with the United States to protest perceived American inaction over Syria's civil war as well as recent U. overtures to Iran, a source close to Saudi policy said on Tuesday.
Prince Bandar bin Sultan told European diplomats that the United States had failed to act effectively against Syrian President Bashar al-Assad and the Israeli-Palestinian conflict, was growing closer to Tehran, and had failed to back Saudi support for Bahrain when it crushed an anti-government revolt in 2011, the source said.
According to the sources who have seen the official list provided to authorities, Saad owns millions of pounds worth of real estate, in addition to the personal wealth of al-Sanea, much of which is in Riyadh, Dammam and Khobar.
Reuters was unable to verify whether all of that real estate will be auctioned by Etqaan or the number of vehicles that will be sold.